Hi Boomer,adding to your comment re take up of new technology...

  1. 243 Posts.
    Hi Boomer,adding to your comment re take up of new technology here is a comment from Paul Fowler CEO Nyrstar.

    "Given the global economic downturn and the effect it has had on commodity markets, including zinc, we are now more focused than ever on cost-effective production and prudent cash management. At higher zinc prices the objective was simple; namely to maximise production while holding costs down. This is no longer true. At current low zinc prices, lower levels of production at Budel and Balen achieve a better financial result, while simultaneously reducing stock levels."

    "If the present economic environment persists further production cuts will be made in 2009. All options to improve performance are on the table."
 
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