Nyrstar, the world's second largest zinc smelter, has filed an arbitration request to the operator of Century Zinc mine to enforce "long-standing Life of Mine agreements" for the offtake of zinc concentrates, the company told Metal Bulletin.
The dispute centers on a life of mine offtake agreement Nyrstar had for concentrate from the Century mine in Australia, recently revived via tailings reprocessing by new operator New Century Resources. Prior to the mine's closure in late 2015, Nyrstar received approximately 90% of the zinc concentrates output from Century, which was once the world's largest zinc mine, it said. "New Century Resources announced an intention to re-start the mine some time ago and we have been in discussions with them for a number of months about the...