Nyrstar to extend zinc mines sale after turning down ‘seriously undervalued’ offers

Nyrstar’s sell-off of zinc mines, the key to the company’s transition to focus on metals processing, may have to be extended after the largest zinc producer in Europe rejected ‘seriously undervalued’ offers.

‘We will sell the mines if the right offer comes in. But I have to say the kinds of offers we have received are seriously undervalued,’ said ceo Hilmar Rode during a telephone conference on Wednesday morning.
The company remains committed to offloading the North American assets, including the two Middle Tennessee mines, which have been restarted to attract would-be buyers.

The Brussels-listed firm has spent additional capex to push...

Published

Julian Luk

August 02, 2017

12:55 GMT

London