01/05/2009 23:52:00

Nyrstar acquires Mid-Tennessee Zinc mine complex in US

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Balen, Belgium (1 May 2009) - Nyrstar NV today announced that it has

acquired the Mid-Tennessee Zinc mine complex in Tennessee, US for

(approximately) €10 million in cash.

The mine complex was acquired from Mid-Tennessee Zinc Corporation

(MTZ) (in Chapter 11 Bankruptcy), a wholly owned subsidiary of

Strategic Resource Acquisition Corporation (SRA), following approval

from the US Bankruptcy Court today. MTZ acquired the mine complex in

2006 and it has been on care and maintenance since October 2008.

The mine complex has a history of close association with Nyrstar's

Clarksville smelter which was originally constructed to treat

concentrate from the mine complex. Once operations are recommenced,

the mine complex will continue to be an important source of

concentrate for this smelter providing (approximately) 50% of its

concentrate requirements.

Commenting on the acquisition, Roland Junck, chief executive officer

of Nyrstar, stated:

"Once operational, the acquisition of the mine complex provides us

with an opportunity to capture a number of important synergies that

should support a long term sustainable future for Clarksville, in

addition to capturing the value contained in the germanium and

gallium rich concentrate."

Nyrstar intends to continue the care and maintenance program for the

near future but will review opportunities to recommence operations as

soon as commercially feasible. The costs for this program are not


The acquisition was funded from existing cash reserves.


The Mid-Tennessee Zinc mine complex comprises facilities at three

sites; Elmwood (established in the 1970s), Gordonsville (established

in the 1980s) and Cumberland (established in the 1990s). All three

mining facilities are located within (approximately) ten (10) miles

of each other within an (approximately) 20 square mile area of Smith

County, Tennessee and are located (approximately) 50 miles east of

Nashville. When operational, ore mined at the three facilities is

processed into zinc concentrate at the Gordonsville site. The

Gordonsville zinc mine complex is located (approximately) 100 miles

from Nyrstar Clarksville.

The most recent resource statement for the mine complex (October

2008) indicates a total ore reserve (indicated and inferred) of

(approximately) 30 million tons containing (approximately) 1 million

tons of zinc at an average ore grade of (approximately) 3% zinc.

Accordingly, the ore reserve indicates a mine life of (approximately)

10 to 15 years producing (approximately) 100,000 dmt per annum of

zinc concentrates. There was a one-for-one reserve replacement

record over 28 years of operations from 1975 to 2003.

Previously owners of the mine complex have included Union Miniere (a

predecessor of Umicore) and Pasminco (a predecessor of Zinifex (now

OZ Minerals)).

- end -

About Nyrstar

Nyrstar is a supplier to the global commodity markets and is driven

by value creation. Nyrstar currently produces significant quantities

of zinc, lead and other valuable metals. Nyrstar is listed on NYSE

Euronext Brussels under the symbol NYR. For further information visit

the Nyrstar website, www.nyrstar.com


Michael Morley

Director, Legal and External Affairs

T: +44 20 7408 8120



Chris James

Group Manager, Investor Relations

T: +44 20 7408 8161

M: +44 7912 269 497



Geert Lambrechts

Communications Advisor

T: +32 14 449 646

M: +32 473 637 892


This announcement was originally distributed by Hugin. The issuer is

solely responsible for the content of this announcement.

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