Nyrstar agreement to acquire 1.25 million tonnes of zinc in concentrate from Talvivaara completed

Nyrstar announced that it had completed its agreement to acquire 1.25 million tonnes of zinc in concentrate from Talvivaara Sotkamo Limited (a member of the Talvivaara Mining Company Plc group).

Talvivaara Mining Company Plc. is a base metals producer with its primary focus on nickel and zinc. Talvivaara´s main asset is the Talvivaara nickel mine in Sotkamo, Finland. The Talvivaara polymetallic deposits, Kuusilampi and Kolmisoppi, comprise one of the largest known sulphide nickel resources in Europe with 642 million tonnes of ore in measured and indicated categories, sufficient to support an anticipated production for an estimated more than 60 years. Production at the mine started in October 2008 with the precipitation of the first metal sulphides. The planned annual nickel production of 50,000 tonnes is anticipated to be reached in 2012. As by-products the mine will also produce approximately 90,000 tonnes per annum (tpa) of zinc, approximately 15,000 tpa of copper and approximately 1,800 tpa of cobalt.