Breaking: Further $105m federal-state bailout announced for Nyrstar smelters
The federal, Tasmanian and South Australian governments have contributed to a new funding package for Nyrstar's Hobart and Port Pirie smelters, including money for feasibility studies into modernising and expanding their operations.
A new $105 million federal-state funding package has been announced to support Nyrstar's smelter operations in Hobart and Port Pirie. This investment will cover ongoing operational costs and fund feasibility studies. The studies are aimed at exploring modernization and expansion possibilities for both facilities.
This bailout aims to secure the future of critical industrial operations and assess their potential for growth and technological advancement.
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