'Perfect storm’ in zinc market caused Tara Mine closure - CEO

Mine announced temporary closure yesterday, in a move that will cost 650 jobs and impact 2,000 people in Navan area

Tara Mines in Co Meath. Picture: Boliden

Gunnar Nystrom, the CEO of Tara Mines in Co Meath, has said the decision to temporarily close and lay off up 650 workers was done in the face of “tremendous unsustainable losses”.

The mine will be placed under care and maintenance after winding down operations.

Nystrom said Tuesday’s decision was a necessity to safeguard the future of the company and stem the cash flow out of the company.

Speaking to RTÉ’s Morning Ireland on Wednesday, ...