millionenschwere übernahme

Breakwater Resources Limited gab heute bekannt, dass man mit Nyrstar eine verbindliche Vereinbarung getroffen habe, wonach Nyrstar erklärt, ein Angebot für den Erwerb aller ausgegebenen und ausstehenden Aktien von Breakwater zu unterbreiten.

Die Aktionäre von Breakwater erhalten für jede Breakwater-Stammaktie7,00 CAD in bar sowie eine Sonderdividende von 0,50 CAD.

Der Vorstand von Breakwater empfiehlt den Aktionären einstimmig, das Angebot von Nyrstar anzunehmen

Breakwater's Board of Directors also announces that it has declared the Breakwater Special Dividend (as referenced in Breakwater's June 15, 2011 news release) payable to shareholders of record on the day immediately prior to the take-up of Breakwater common shares under the Offer. The Breakwater Special Dividend is to be paid by Breakwater concurrently with the payment of $7.00 in cash per common share taken-up under the Offer.

GMP Securities L.P. provided the fairness opinion and Norton Rose OR LLP is acting as legal counsel to Breakwater. The take-over bid and directors' circulars will be available for download from www.sedar.com shortly.

About Breakwater

Breakwater is a mining, exploration and development company which produces and sells zinc, copper, lead and gold concentrates to customers around the world. The Company's concentrate production is derived from three mines in Chile, Honduras and Canada. Breakwater is preparing the Langlois mine in Quebec, Canada for production in the first quarter of 2012.

About Nyrstar

Nyrstar is a leading global multi-metals business, producing significant quantities of zinc and lead as well as other products (including silver, gold and copper). Nyrstar is listed on NYSE Euronext Brussels under the symbol NYR. For further information visit the Nyrstar website, www.nyrstar.com.

Forward Looking Information

This news release includes certain statements that may be deemed "forward-looking statements." All statements in this release relating to the proposed take-over bid are of necessity forward looking. The outcome of a take-over bid cannot be certain because the process is subject to a number of conditions described in the take-over bid and directors' circulars referred to above. Although the Company believes that the expectations expressed in such forward looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual events or developments may differ materially from those in the forward looking statements and may require achievement of a number of regulatory and legal requirements. For more information on Breakwater and the risk factors inherent in its business, investors should review Breakwater's Annual Information Form for the year ended December 31, 2010 at www.sedar.com.

Contacts:
Breakwater Resources Ltd.
Ann Wilkinson
Vice President, Investor Relations
416-363-4798 Ext. 277
AWilkinson@breakwater.ca

Breakwater is a mining, exploration and development company which produces and sells zinc, copper, lead and gold concentrates to customers around the world. The Company's concentrate production is derived from three mines in Chile, Honduras and Canada. Breakwater is preparing the Langlois mine in Quebec, Canada for production in the first quarter of 2012.

About Nyrstar

Nyrstar is a leading global multi-metals business, producing significant quantities of zinc and lead as well as other products (including silver, gold and copper). Nyrstar is listed on NYSE Euronext Brussels under the symbol NYR. For further information visit the Nyrstar website, www.nyrstar.com.

Forward Looking Information

This news release includes certain statements that may be deemed "forward-looking statements." All statements in this release relating to the proposed take-over bid are of necessity forward looking. The outcome of a take-over bid cannot be certain because the process is subject to a number of conditions described in the take-over bid and directors' circulars referred to above. Although the Company believes that the expectations expressed in such forward looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual events or developments may differ materially from those in the forward looking statements and may require achievement of a number of regulatory and legal requirements. For more information on Breakwater and the risk factors inherent in its business, investors should review Breakwater's Annual Information Form for the year ended December 31, 2010 at www.sedar.com.

Contacts:
Breakwater Resources Ltd.
Ann Wilkinson
Vice-President, Investor Relations
(416) 363-4798 Ext. 277

Nyrstar: Erfolgreiche Übernahme von Breakwater Resources Ltd.
Nyrstar gab gestern bekannt, dass inzwischen 82.760.567 Stammaktien von Breakwater Resources Limited (etwa 92,3% der ausgegebenen und ausstehenden Aktien auf voll verwässerter Basis) im Rahmen des Übernahmeangebots von Nyrstar hinterlegt und übernommen wurden. Da alle entsprechenden Bedingungen erfüllt wurden, ist das Angebot nun beendet.

Infolge der Hinterlegung von mehr als 90% der Stammaktien, plant Nyrstar nun, alle verbleibenden Breakwater-Stammaktien gemäß den Bestimmungen einer Zwangsübernahme zu erwerben. Weiterhin wird das Delisting der Breakwater-Stammaktien von der Toronto Stock Exchange angestrebt.

The three-month forward prices for zinc has fallen from some $2,500 per tonne at the end of July to below $1,900 now.

"All the smelting operations are profitable at $1,800, assuming they meet their volume targets," McMillan said, but said that this was not the case for the industry as a whole.

"The information coming out of China at present, is that at these prices a number of smelters have shut because they are just not profitable," he said.

Nyrstar said its smelter production in the third quarter was about 244,000 tonnes with all but one unit working at full capacity.

By increasing its focus on mining, Nyrstar aims to produce 50 percent of its raw material needs in the medium term.

Nyrstar said that assuming all of its mines operated at full production it would produce 43 percent of the zinc in concentrate it needs.

The group said it continued to look at takeover opportunities in the mining sector.

"We are actively working on a number of files, 2 to 3 that could materialise given we find a willing seller", Chief Financial Officer Heinz Eigner said.

(Reporting By Robert-Jan Bartunek; editing by Philip Blenkinsop and Jane Merriman)

Reuters reported that Belgium's Nyrstar SA , the world's biggest zinc producer, has lowered its guidance for the zinc it will mine this year, given setbacks at its Tennessee mines and a production downgrade by Finnish partner Talvivaara .

Nyrstar cut its 2011 zinc in concentrate production target to a range of 205,000 tonnes to 215,000 tonnes from its previous target of 215,000 tonnes.

Finnish miner Talvivaara, which mainly mines nickel but has an agreement with Nyrstar for the supply of zinc, cut its output target in early October.

Nyrstar said it now anticipates approximately 32,000 tonnes of zinc in concentrate to be dug out by Talvivaara. Mr Greg McMillan COO said during a conference call that “It is a world class facility. They have some technical, operational and systematic issues at the moment. They're getting on top of them, just a bit slower than hoped.”

Nyrstar's Tennessee mines suffered from problems with equipment and repairs required to underground infrastructure.

Mr McMillan said "We are very confident that in 2012 we will be able to demonstrate a significantly improved performance at both those operations.”

Nyrstar said its smelter production in the third quarter was about 244,000 tonnes with all but one unit working at full capacity.

By increasing its focus on mining, Nyrstar aims to produce 50 percent of its raw material needs in the medium term.

Nyrstar said that assuming all of its mines operated at full production it would produce 43 percent of the zinc in concentrate it needs.

The group said it continued to look at takeover opportunities in the mining sector.

(Sourced from Reuters)

The world's largest zinc metal producer, Nyrstar of Zurich of Switzerland, is celebrating its acquisition of the Langlois zinc and copper mine 50 kilometers from Lebel sur Quevillon by hosting a welcome event. Nyrstar acquired the property when it paid USD 663 million earlier this year for Breakwater Resources. The company plans to resume production at the mine.

Mr Jason Morin interim GM of Nyrstar said that "Nyrstar is proud to be bringing the Langlois mine back into operation and we are proud to be working with the people of Lebel sur Quevillon. As a first class international employer, our goal is to officially introduce Nyrstar as a sustainable company that will successfully integrate into the community creating more than 100 new job opportunities."

The renamed Nyrstar Langlois mine is due to resume production at the beginning of 2012. It originally opened in July 2007 and work was suspended last year. The company is recruiting new employees from throughout the Abitibi region during November 2011. Nyrstar will formally introduce itself to the community on November 9th 2011 from 5 PM to 8 PM in the Salle des Chevaliers de Columba, 142 rue Principal Nord, Lebel sur Quevillon.

Das Angebot von Rockwell Automation, das schließlich den Zuschlag erhielt, enthält neben technischem Support für die existierende Installation einen stufenweise verlaufenden dreijährigen Integrationsprozess mit einer Back-up-Option, die aus Gründen der Prozessdurchgängigkeit die Input/Output-Verkabelung verwendet. NHP Electrical, ein autorisierter Vertreiber von Rockwell Automation, bietet langfristigen Support für das Projekt, was mit den Ausschlag zugunsten von Rockwell Automation gab.

"Dieser Auftrag ist angesichts der Größe und Komplexität, die diese Umstellung des Prozessleitsystems mit sich bringt, ein Meilenstein für uns", erklärte Terry Gebert, Vorstand und Geschäftsführer von Rockwell Automation Global Solutions. "Wir haben uns bei diesem Auftrag gegen zwei große Prozessautomatisierungsunternehmen durchgesetzt, weil wir erstklassigen Support für die existierende Anlage bieten und eine konkrete Vorstellung haben, wie das System kontrolliert, langfristig und nachhaltig konvertiert werden kann. Zu unseren Leistungen im Rahmen dieses Auftrags gehören die Leitung des Projekts, der technische Service bei den Anlagen und der Konvertierung des Systems sowie die Installation von Hard- und Software. Unsere Erfahrung und Expertise auf diesem Gebiet und unsere globalen Ressourcen tragen bei dieser wichtigen Umstellung von einem Altsystem auf ein neues System zum Gelingen bei."

Das Werk von Nyrstar Hobart in Australien ist mit einer Kapazität von 280.000 Tonnen eine der weltweit größten Produktionsstätten zur Zinkverhüttung. Hier werden Zink und Zinklegierungen hergestellt, die hauptsächlich nach Asien exportiert werden. Das bestehende Prozessleitsystem steuert verschiedene Prozesse wie das Rösten, die Laugenreinigung, die Elektrolyse, die Säurebehandlung und die Wasseraufbereitung.

Rockwell Automation, Inc. (NYSE: ROK), das weltweit größte Unternehmen mit Schwerpunkt auf industriellen Automatisierungs- und Informationslösungen, sorgt für mehr Ertrag bei seinen Kunden und für eine nachhaltigere Welt. Rockwell Automation mit Hauptsitz in Milwaukee, Wisconsin (USA), beschäftigt etwa 21.000 Mitarbeiter und hat Kunden in mehr als 80 Ländern.

Über Rockwell Automation Global Solutions

Die Tausenden von Ingenieuren, die im Team von Rockwell Automation Global Solutions arbeiten, entwerfen, konstruieren und aktualisieren Steuerungs-, Leistungs-, Sicherheits- und Informationslösungen für Kunden aus dem Produktionsbereich. In Verbindung mit dem anpassbaren PartnerNetwork™ bietet das Unternehmen globale Lösungen für eine große Bandbreite an Projekten, darunter anspruchsvolle Projekte im Wert von mehreren Millionen US-Dollar, die sich über zwei oder mehr Länder erstrecken. Die Kunden von Rockwell Automation Global Solutions kommen aus unterschiedlichen Branchen wie Öl und Gas, Petrochemie, Verbrauchsgüterindustrie, Biowissenschaften, Automobil-, Reifen- und Schwerindustrie, darunter Zement, Metall, Bergbau, Papier und Zellstoff, sowie aus dem Bereich Wasser- und Elektrizitätsversorgung.

Nyrstar NV and Sims Metal Management Limited announced that they had reached a conditional agreement to sell their respective interests in the secondary lead producing facility in Sydney, Australia of Australian Refined Alloys to companies associated with Renewed Metal Technologies for a total sale price of approximately AUD 80 million, subject to a customary working capital adjustment at completion.

Completion of the sale is subject to the approval of the Australian Competition and Consumer Commission and the Foreign Investment Review Board. Subject to the parties receiving the requisite regulatory approvals, completion of the sale is expected to occur during early 2012.

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.

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

Renewed Metals Technologies is a privately held company that specialises in the recovery of renewable resources. RMT owns and operates a secondary lead producing facility in Wagga Wagga, New South Wales, Australia. For more information, visit www.rmt.au.com

Nyrstar urges more child blood lead tests

Posted December 02, 2011 12:51:06


Related Story: Children's blood lead keeps falling at Port Pirie


Map: Port Pirie 5540
The operator of Port Pirie's lead smelter, Nyrstar, says more parents in the South Australian city should be testing their children's blood lead levels.

The latest quarterly figures from the Health Department show improvements across the board, including a 4 per cent increase of children below the acceptable upper limit.

However, there was also a drop in the number of children being tested.

Nyrstar general manager Glenn Poynter says if children are not being tested, it could be masking the real result.

"We just want to see blood leads in the community as low as we can possibly get them, that's our goal," he said.

"We are working to get to all children less than 10 [micrograms per decilitre] as quickly as possible.

"We are just more interested in getting that continuous improvement and that's where these latest results show that that is exactly what we're getting."

Mr Poynter says to achieve the goal, parents must be vigilant in testing their children.

"For example, if parents, their first child went through the program without any issue at all they might be tempted for the second child not to enrol in the program," he said.

"Every child is an individual and we do need to make sure we continue [to] test every child, otherwise what can happen is you skew the results perhaps the wrong way."

Nyrstar says it can achieve a target of having 95 per cent of infants and preschool children in Port Pirie with acceptable blood lead levels by 2015.

Nyrstar is implementing SAP enterprise resource planning to replace ten legacy systems. Formed in 2007 through the spin off of a business by Zinifex and Umicore, Nyrstar is the world's largest producer of zinc. It operates smelters and mines on 5 continents.

The company chose SAP to help deal with the complexity of the merger and the sprawl of its business. Following the merger, Nyrstar ran duplicate systems for raw material procurement, sales, hedging and metal accounting. However the duplicate systems and processes for procurement would at times cause Nyrstar to purchase materials from a single supplier using different names and prices for those materials.

The firm also lacked a single view of its metal sales. This confusion it said trickled down through all processes, leading to inefficiencies within the organization and would have limited the delivery of synergies resulting from growth and acquisitions.

To help solve these problems Nyrstar has implemented the SAP ERP Financials package, the SAP Best Practices for Mining package and the SAP Treasury and Risk Management system.

Nyrstar said that the systems will help it handle its complex raw materials contracts and also allow the company to capture all transactions within the supply chain and transfer them to its exposure management process.

It said that it is also now better equipped to minimize the impact of metal price volatility on its business with increased visibility across all metal flows and centralized management of global risk exposures. The roll out has helped deliver a simplified IT architecture through retiring ten legacy systems.

Nyrstar has been able to centralize and globalize its commercial operations too. A single sales and marketing organization works from one database and integrated processes and the global purchasing function has been consolidated in its headquarters.

Mr Phil Palmer chief information officer at Nyrstar said that "By operating a lean, efficient, dynamic and flexible business we can focus on building a strong and sustainable future."

(Sourced from www.computerworlduk.com)

Nyrstar's Melbourne office to close

Updated July 10, 2012 20:26:30


Video: Smelter assurance despite new tax (7pm TV News NSW)


Map: Melbourne 3000
Lead smelter operator, Nyrstar is closing its Melbourne sales office.

The company which runs the Port Pirie smelter in South Australia released a statement saying the Melbourne office will close at the end of October.

It currently employs 12 people.

The company says the work will be transferred to either Hobart or Zurich and will result in the departure of a number of staff.

Nyrstar also released a statement today on the carbon tax, saying the tax is NOT a factor in any decision to redevelop the Port Pirie smelter to reduce lead emissions.