MIM, the Australian-based mining and mineral processing company, is to close its zinc smelter at Avonmouth in the UK.
In December, MIM’s wholly-owned subsidiary Britannia Zinc Limited put a proposal to close the smelter to the trade unions and workforce representatives and commenced a 90-day consultation period to explore alternatives to closure.
On February 17, more than 80% of the workforce voted to request that the consultation period be truncated immediately, as no viable alternative options to closure had been identified.
The closure will hence commence today and the plant will cease production on or about March 1 2003.
MIM Managing Director Vince Gauci said: ‘The closure will complete MIM’s exit from its two European zinc smelters, the plant at Duisburg in Germany having been sold in December.’
Britannia Zinc’s Avonmouth plant was the UK’s only primary zinc smelter. MIM acquired the business from Pasminco in 1993.
MIM has around 8,000 employees worldwide and in 2001/2002 generated sales revenue of $3.5 billion.