Gupta to buy Bell Bay smelter from South32
Far from cutting his exposure to the Australian steel industry, British businessman Sanjeev Gupta has reinforced its viability, buying the Bell Bay manganese smelter from South 32. According to a statement from miner South32, the company will divest its ownership of the Tasmanian Electro metallurgical Company (TEMCO) in Tasmania’s north to an entity within Gupta’s…