Nyrstar and Sims Metal Management reach conditional agreement to sell Australian Refined Alloys' secondary lead producing facility in Sydney, Australia

Nyrstar NV (Nyrstar) and Sims Metal Management Limited (SimsMM) had reached a conditional agreement to sell Australian Refined Alloys' secondary lead producing facility in Sydney, Australia (ARA Sydney) to companies associated with Renewed Metal Technologies for a total sale price of approximately €60 million (A$80 million).

Following the sale, Nyrstar and SimsMM will retain ARA's secondary lead producing facility in Melbourne, Australia which will continue to be operated as a 50/50 joint venture allowing Nyrstar continued exposure (albeit on a smaller scale) to an important segment of the global lead market.

ARA is a secondary lead producing 50/50 joint venture between Nyrstar and SimsMM. ARA has two facilities, ARA Sydney which is located in Alexandria (Sydney, Australia) and ARA Melbourne which is located in Laverton North (Melbourne, Australia). Total lead production in 2010 was approximately 37, 900 tonnes (Sydney 20,700 tonnes and Melbourne 17,200 tonne