Trafigura backs €250-275m Nyrstar share raising, secures marketing deals

Trafigura will take up €125 million ($134 million) of the €250-275 million rights offering from zinc producer Nyrstar, the trading house said on Monday November 9.

As part of Trafigura’s support for the rights offering, it has entered into a relationship agreement with Nyrstar, and established new long-term purchasing and sales tie-ups with the Belgium-listed zinc producer.
Nyrstar has also negotiated purchase and sales agreements with Trafigura for zinc and lead concentrates and metals.
These purchase and sales agreements are long-term contracts starting on January 1 2016 and extend the frame purchase agreements for lead and zinc concentrates to support the metals processing segment and the new feed book requirements following the Port Pirie Redevelopment, Nyrstar said.

The commercial agreements also include the sale of certain available quantities of commodity-grade zinc and lead metal produced by Nyrstar. The company did...

Published

Deepali Sharma

Anna Xu

November 09, 2015

09:44 GMT

Shanghai