Nyrstar Agrees to Aquire Ironbark’s 19.9% Interest
Nyrstar NV has announced that it has agreed to acquire a 19.9% interest in Ironbark Gold Limited (ASX-IBG) (Ironbark) for (approximately) €3.5 million.
Mr Erling Sorensen, chief commercial officer of Nyrstar is quoted saying:
“We are excited by this investment and our new relationship with Ironbark as we believe that the Citronen zinc-lead project has the potential to become one of the world’s most significant zinc mines, comfortably placed on the cost curve and well positioned to supply our European smelters for years to come.”
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Mon, May 24, 2010
Post by Mike Rodger, Zinc Reporter