Nyrstar is continuing to progress the divestment of mining assets
Nyrstar NV announces it has successfully completed the sale of its Contonga mine in Peru to a subsidiary of Glencore plc, a global diversified natural resources company, for a total cash consideration of USD 21 million.
The Transactions are part of the sale process for all or the majority of Nyrstar's mining assets which was formally launched in January 2016 and includes the completed sale of the El Toqui mine in Chile and the announced sale of the El Mochito mine in Honduras. Nyrstar is continuing to progress the divestment of mining assets and will issue further updates in due course.
BMO Capital Markets Limited and Lazard & Co. are acting as financial advisors to Nyrstar in connection with the Transactions.