Nyrstar has made a $43 million payment towards the $291 taxpayer-guaranteed loan for the Port Pirie smelter operations.

Premier Steven Marshall and Treasurer Rob Lucas met with the CEO of Nyrstar’s largest shareholder, Trafigura, and other senior executives who confirmed payment.

Treasurer Rob Lucas welcomes the payment as a sign the company is acting in good faith ahead of the implementation of Nyrstar’s capital restructure.

The global commodity trading company has entered into a conditional restructuring arrangement that may lead to Trafigura becoming the majority owner of the Port Pirie smelter.

Treasurer Lucas says whilst negotiations about the restructuring arrangement have not yet concluded, they are proceeding productively.