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Article: Peru : Nyrstar to Buy Peruvian Zinc Mine for $15 Million.
- Article from:
- TendersInfo
- Article date:
- October 6, 2009
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Nyrstar NV, the world s largest zinc smelter, agreed to acquire a Peruvian mine for $15 million, the latest deal in its strategy to secure raw-material supplies.
The zinc producer will pay Gold Hawk Resources Inc., a Canadian mining exploration company, in cash for 85 percent of the Coricancha mine, Balen, Belgium-based Nyrstar said today in a statement. Gold Hawk will hold 15 percent of the mine, which has a plant capable of producing 600 metric tons of ore a day.
Nyrstar, formed in a 2007 merger of the smelting assets of mining company Zinifex Ltd. and metals recycler Umicore SA, said in June it planned to expand into mining to secure raw-material ...