Tara Mines CEO says company was facing ‘tremendous unsustainable losses’

Tara Mines last night told its 650 workers that the mine will close due to surging energy costs and a reduction in zinc prices

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”.

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