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 financial aid package totaling $105 million has been announced for Nyrstar's smelters located in Hobart and Port Pirie. This funding is a collaborative effort between the federal government and the state governments of Tasmania and South Australia. A portion of the funds will be allocated to conducting feasibility studies aimed at modernizing and expanding the operational capabilities of both facilities.
This investment signals a commitment to the future of these key industrial sites and their potential for growth and modernization.
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