Nyrstar NV and Sims Metal Management Limited announced that they had reached a conditional agreement to sell their respective interests in the secondary lead producing facility in Sydney, Australia of Australian Refined Alloys to companies associated with Renewed Metal Technologies for a total sale price of approximately AUD 80 million, subject to a customary working capital adjustment at completion.

Completion of the sale is subject to the approval of the Australian Competition and Consumer Commission and the Foreign Investment Review Board. Subject to the parties receiving the requisite regulatory approvals, completion of the sale is expected to occur during early 2012.

Following the sale, Nyrstar and SimsMM will retain ARA’s secondary lead producing facility in Melbourne, Australia which will continue to be operated as a 50:50 joint venture.

ARA is a secondary lead producing 50:50 joint venture between Nyrstar and SimsMM. ARA has two facilities, one of which is located at Alexandria in Sydney and the other at Laverton North in Melbourne. Total lead production in 2010 was approximately 37,900 tonnes (Sydney 20,700 tonnes and Melbourne 17,200 tonnes).

Renewed Metals Technologies is a privately held company that specialises in the recovery of renewable resources. RMT owns and operates a secondary lead producing facility in Wagga Wagga, New South Wales, Australia. For more information, visit www.rmt.au.com