Manager of Co Meath operation says falling zinc prices and high energy costs responsible for ‘terrible’ situation
“This is very unwelcome news, it came very unexpectedly. This is a very big deal, we are doing everything we can to be as supportive as possible,” Mr Coveney said.
He said the price of zinc was determined by the London Metal Exchange so companies could not set the price. He said it was difficult to deal with a very volatile market. “We’re very sorry, we feel terrible for the decision, but for the future of Tara Mines this is what we had to do. The decision is temporary, we believe that,” he said, adding that he was unable to say for how long the closure would continue.
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