Nyrstar approves Port Pirie project

MINING and metals processing company Nyrstar has given approval to a $350 million redevelopment of its smelting operations in South Australia.

The company's board has approved the redevelopment at Port Pirie subject to the signing of final documents next month related to funding and assistance.

"Nyrstar and the South Australian government are in advanced stages of finalising the agreements providing for this critical element of the proposed redevelopment," Nyrstar said in a statement on Wednesday.

"The South Australian government has advised Nyrstar that these documents will be executed by no later than May 16 at which time the final investment decision will be announced."

Nyrstar's decision comes after the state government promised regulatory certainty for the project and committed to underwrite the financing package, which includes proposed assistance from the federal government.

The redevelopment includes the introduction of new technology to improve the efficiency of the century-old plant and to reduce emissions.

South Australian Treasurer Tom Koutsantonis said the decision on the redevelopment was to be applauded and would lead to a healthier future for Port Pirie.

"The state government last year provided major development approval for the transformation project after a thorough environmental assessment of the proposal," he said.

"The continued commitment of the state government to the financing package was critical in securing Nyrstar board approval for this redevelopment."

Anda sedang membaca artikel tentang

Nyrstar approves Port Pirie project

Dengan url

http://cucidollaran.blogspot.com/2014/04/nyrstar-approves-port-pirie-project.html

Anda boleh menyebar luaskannya atau mengcopy paste-nya

Nyrstar approves Port Pirie project

namun jangan lupa untuk meletakkan link

Nyrstar approves Port Pirie project

sebagai sumbernya