Nyrstar, the heavily indebted metals and mining group, has moved to bolster its financial position by securing a $650m funding lifeline from its biggest shareholder, the commodity trader Trafigura. The Belgium-based group, which is struggling to service a large debt pile, said Trafigura had agreed to put in place a $650m credit line that it can use to fund its day-to-day operations but not repay debt.
Read more via: FT