Nyrstar to Cut Into $291 Million Taxpayer Guarantee


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Photo by Denis Bin Via Flickr

Nyrstar have made a $43 Million dent in their $291 Million taxpayer guaranteed loan.

Premier Steven Marshall and Treasurer Rob Lucas joined Chairman and Chief Executive Officer of Nyrstar's largest shareholder, Trafigura and other senior executives to confirm the payment.

Mr Lucas welcomed the payment as a sign that the company was acting towards their capital restructure with Trafigura.

Negotiations regarding the restructioring have not been achieved, yet all parties are hopeful they will be resolved in the near future.

If you had $43 million dollars, what would you do with it?

Photo by Denis Bin Via Flickr Attribution License here.

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