Prime Minister’s $50m handout to Nyrstar

In Business Resources, Featured Home Page News, Government, Tasmania

The coalition government has committed $50m towards a $400m expansion of the Lutana zinc plant on Thursday where the Prime Minister toured the zinc plant and met with workers.

The expansion has been given the green light by regulators and the company was seeking the final $70m in funding from governments.

“Our economic plan is enabling this investment in Nyrstar that will secure around 500 direct Tasmanian jobs, over 1,100 direct South Australian jobs, and over 5,000 indirect jobs across both states for generations to come,” Mr Morrison said.

The Tourism News Related Stories

Federal Labor $20m plan to expand River Derwent ferry trial

Minister slams local councils stance on a proposed road upgrade

Unconformity back in 2023

from the mercury 

PRIME Minister Scott Morrison has made a whistlestop campaign trip to Hobart to deliver his promise.

The coalition government committed $50m towards a $400m expansion of the Lutana zinc plant on Thursday.

Mr Morrison toured the zinc works with Premier Jeremy Rockliff on Thursday afternoon.

The Prime Minister and his entourage flew in from Cairns late in the afternoon.

He toured the zinc plant and met with workers whose jobs the funding will underwrite.

The expansion has been given the green light by regulators and the company was seeking the final $70m in funding from governments.

“Our economic plan is enabling this investment in Nyrstar that will secure around 500 direct Tasmanian jobs, over 1,100 direct South Australian jobs, and over 5,000 indirect jobs across both states for generations to come,” Mr Morrison said.

The Prime Minister is expected to stay overnight in Hobart and make other campaign announcements in Tasmania on Friday.

How upgrading Hobart’s zinc works is a boon for Braddon

They’re on opposite sides of the state but a $400 million expansion to the Nyrstar zinc works is good news for Braddon according to MP Gavin Pearce.

The coalition government committed $50m towards the expansion on Thursday.

Mr Pearce said Nyrstar spends around $11 million in Braddon each year with through the purchase of raw materials from the Hellyer and Rosebery mines.

“By investing in Nyrstar, we are creating a stronger future for the West Coast and supporting hundreds of jobs in Braddon,” he said on Tuesday.

“The project will help increase production by up to 30 per cent, which will see Nyrstar spend even more in Braddon as it scales up activity.

“Nyrstar also exports all of its finished metal products through the Port of Burnie, so supporting this vital upgrade will also support the Port.”

PM’s $50m handout to Hobart zinc smelter operator

A Coalition government would contribute $50m towards the $400m expansion of Hobart’s Nyrstar processing plant, Prime Minister Scott Morrison says.

The project has been given the green light by regulators as the multinational seeks $70m in funding from governments.

Mr Morrison said “making things in Australia and doing it well” was central to the Coalition’s plan to secure jobs and build a strong national economy.

“Our economic plan is enabling this investment in Nyrstar that will secure around 500 direct Tasmanian jobs, over 1,100 direct South Australian jobs, and over 5,000 indirect jobs across both states for generations to come,” Mr Morrison said.

“The new electrolysis plant will take advantage of new advanced manufacturing technology that improves Nyrstar’s performance and global competitiveness.

Prime Minister, Scott Morrison. Picture: Jason Edwards

Prime Minister, Scott Morrison. Picture: Jason Edwards

“This will ensure the Tasmanian facility will thrive for another 100 years and more, securing the long-term future of operations in both Hobart and Port Pirie.

Minister for Industry, Energy and Emissions Reduction Angus Taylor said the investment in Nyrstar was about securing Australia’s sovereign manufacturing capability.

“Australia and the world need zinc. Zinc is in demand because it extends the life of steel and is an essential part in almost all construction, infrastructure, transport, agriculture, communications and other everyday products,” he said.

Angus Taylor, Minister for Energy and Emissions Reduction. Picture: NCA NewsWire / Gary Ramage

Angus Taylor, Minister for Energy and Emissions Reduction. Picture: NCA NewsWire / Gary Ramage

“Together, an upgraded Hobart site and the existing Port Pirie site will act as a critical minerals hub that will sustain mineral processing skills and add significant value to Australian raw materials that would otherwise be processed offshore.”

Plans for a new electrolysis plant at the Lutana site are expected to radically improve the company’s environmental output and workplace safety – as well as secure jobs for its 500 employees.

Derwent River

Derwent River

A company spokesman said modernising the plant was required to secure “the future of metals refining in Tasmania” and shore-up not only the company’s on-site jobs, but 1600 jobs across the country plus an extra 5000 in the supply chain through contractors.

Assistant Minister for Industry Development Jonno Duniam said the investment would secure jobs and a strong economy for Tasmanians for generations to come.

“Every year, Nyrstar spends around $250 million in Tasmania, from wages, to contractors, to power and water,” the Assistant Minister said.

“This investment will secure that significant economic injection and all of the flow-on benefits that brings to families across Tasmania, today and into the future.”

The federal election is scheduled to be held on May 21.

Nyrstar zinc works gets approval on $400m redevelopment

ZINC processor Nyrstar looks set to forge ahead with a massive redevelopment at its Hobart site – said to be worth $400 million – with green lights given by both the Glenorchy City Council and Tasmania’s Environmental Protection Authority.

The ticks of approval are being celebrated across the sector, with plans for a new electrolysis plant expected to radically improve the company’s environmental output and workplace safety – as well as secure jobs for its 500 employees.

However, it is understood Nyrstar is seeking a further $70 million in state or federal government funding in order for the project to be commercially viable.

The Lutana factory was opened on the banks of the River Derwent by the Electrolytic Zinc Company in 1916.

A company spokesman said modernising the plant was required to secure “the future of metals refining in Tasmania” and shore-up not only the company’s on-site jobs, but 1600 jobs across the country plus an extra 5000 in the supply chain through contractors.

He said the redevelopment featured an “innovative ventilation system” that reduced emissions and improved air quality for workers.

“This will allow for a safer operation without the need for respiratory protective equipment to be worn every day,” he said.

The spokesman said other improvements included more automation, improved separation between people and vehicles, and protective guarding systems around machinery.

“There will also be a significant reduction in groundwater contamination risk, which will decrease the potential for contamination of soil and groundwater,” he said.

He said with all the regulatory approvals in place, all that was needed was for “Nyrstar to make a final investment decision in order to progress”.

Tasmanian Chamber of Commerce and Industry CEO Michael Bailey welcomed news the redevelopment had been approved, describing Nyrstar as “an absolutely critical powerhouse for Hobart and the region”.

“It’s important to remember zinc is critical for Australia and the western world,” he said.

“What’s really pleasing about this is the company sees a way forward for what otherwise would be a plant that would be progressively shut down.”

Weather

Tasmanian Minerals Council CEO Ray Mostogl said zinc was in high demand, with zinc and aluminium two of the major commodities exported from the state over the past 12 months.

He noted Nyrstar’s importance in the supply chain – processing zinc from a Tasmanian mine – and also said the company was important for the role it played in Hobart’s electricity grid and preventing blackouts.

Michael Ferguson, Deputy Premier and Treasurer, said he and Minister Guy Barnett would visit Nyrstar’s Lutana site on Wednesday after some “very positive conversations”.

He said the Tasmanian government was ready to support the project on the basis it also secured federal funding.

“Our government recognises the significance of the environmental, health and safety upgrade proposed at Nyrstar in terms of Tasmanian jobs and export benefits,” he said.

“We have been clear with Nyrstar that we stand ready to support the project on the basis of the company also securing a federal commitment.’’

You may also read!

Residents near Plenty River demand environmental action

The newly-incorporated Upper Plenty Action Group has raised concerns that water from the Plenty River could be contaminated by

Read More...

Wotton Skate Park redevelopment

The construction of the new Wotton Skate Park has begun and will feature WA’s biggest half-pipe with additional roll-ins

Read More...

Feastival of football attracting football Royalty to Perth

Football powerhouses Manchester United, Leeds United, Aston Villa and Crystal Palace will host a two-night International Festival of Football

Read More...

Mobile Sliding Menu