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Both companies have been supplying equipment to Tara Mines, Europe's largest zinc mine.
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It is developing the project with Xstrata, one of the world's largest zinc production companies.
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Tara, Europe's largest zinc mine, closed last November, forcing its 700 workers into temporary redundancy.
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Petroceltic announced yesterday that it would sell its last remaining mining interest to central Asia's largest zinc producer.
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Nyrstar is one of the world's largest zinc smelting companies with plants across Northern Europe, the United States and Australia.
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Nyrstar is one of the world's largest zinc smelting companies with smelters across northern Europe, the United States and Australia.
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ZINC A merged company would be the world's largest zinc mine producer on a western world basis, CRU figures suggest.
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Debt-saddled Oz Minerals, the world's second- largest zinc miner, has said it attracted interest from a number of parties for several assets.
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Workers at Tara Mines in Co Meath, Europe's largest zinc mine, will return to work tonight after a strike earlier this week.
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New Century is processing the tailings, or left over residue, from previously mined ore at the Century mine, once the world's largest zinc mine.
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Tara Mines in Co Meath, Europe's largest zinc mine, is to close for at least three months forcing its 700 workers into temporary redundancy.
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OZ, the world's second- largest zinc miner, urgently needs a deal in order to repay A$1.3 billion ($900 million) in debts due on Tuesday.
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The Abril Mine, one of the largest zinc producers in southeast Arizona, was prospected in the early 1930s, and full-scale mining began in the 1950s.