Local News

Nyrstar To Repay Loan

Port Pirie Smelter.JPGNyrstar has formally advised the State Government it will make a $42.3 million payment this month.

The commitment follows a meeting between Treasurer Rob Lucas and Trafigura representatives over repayment of the $291.25 million loan for the Port Pirie smelter operations.

Mr Lucas welcomed the $42.3 million payment as a sign the company was acting in good faith ahead of the implementation of Nyrstar’s capital restructure.

He says it is a positive development and one that the Government welcomes on behalf of the taxpayer.

The Government is remaining hopeful of a successful resolution, not only for taxpayers, but for the people of Port Pirie, the smelter's employees and their families