22May2013

www.finance-news.com.au

National South Australia SA Government Welcomes New EPA Instructions for Nyrstar

SA Government Welcomes New EPA Instructions for Nyrstar

Premier Jay Weatherill has greeted the new EPA environmental instructions for Port Pirie of Nyrstar lead smelter saying it at present gives the Government a straight path to safe re-investment in plant. Mr. Weatherill said that the principal obligation of government is to make sure that the plant runs at a satisfactory environmental standard whereas continuing to make a significant and enduring contribution to the Port Pirie area and the SA economy.

He said that, they recently recognized the Port Pirie Transformation navigation committee to work along with Nyrstar to make sure the future of the plant. Nyrstar undoubtedly will need to invest in latest technology to get the objectives set out in the new licensing circumstances agreed with EPA. The navigation committee is long-lasting to investigate alternatives for securing the resources which is required by Nyrstar to finance which deal in a way that will strengthen the continued prospect of the Port Pirie plant." Mr. Weatherill said that, as in Canberra for COAG this week he utilized his time to talk about with Federal Government Ministers techniques of securing re-investment of Nystar.

He said that, this week he spoke with PM Julia Gillard, Trade Minister Craig Emerson, Climate Change Minister Greg Combet and Minister for Regional Australia Simon Crean about the value of securing future of Nystar. There’s no denying the value of the smelter to Port Pirie as well as the whole Spencer Gulf area; the city would struggle to endure without it. It is very important Nyrstar finds a technique to again invest in what will not just be a cleaner, improved plant, although also an investment in a long-term, protected future for the workers as well as people of Port Pirie. Minister for Innovation, Manufacturing and Trade Tom Koutsantonis said that, Nysrtar has already accomplished significant environmental as well as health improvements in present years.

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