The chairman of the Minerals Council of Australia has warned against government handouts for the struggling Nyrstar zinc smelters in Hobart and Port Pirie where the company’s Swiss owner is demanding a taxpayer bailout.
“You can’t prop up something that’s not going to be viable in the long term,” Andrew Michelmore, the former chief executive of ASX-listed zinc smelter and miner Zinifex, told The Australian Financial Review.
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Ronald Mizen is the Financial Review’s political correspondent, reporting from the press gallery at Parliament House, Canberra. Connect with Ronald on Twitter. Email Ronald at ronald.mizen@afr.com
Simon Evans writes on business specialising in retail, manufacturing, beverages, mining and M&A. He is based in Adelaide. Connect with Simon on Twitter. Email Simon at simon.evans@afr.com
