The Whyalla steelworks was losing $1.5 million per day before being forced into administration, burning through nearly $320 million in seven months, administrators KordaMentha revealed at a creditors meeting on Monday. The administrators outlined total debts exceeding $1.34 billion, including $189 million in outstanding employee entitlements and $40.2 million owed to the South Australian government…
The federal and South Australian governments have announced $2.4 billion in support for the Whyalla Steelworks, following the SA government’s move on Wednesday to put the site’s owner in administration. In a statement on Thursday, it was revealed that the assistance will come in “three distinct parts”, comprising $100 million in immediate on-the-ground support, $384…
What were the five biggest stories of the week? Here’s what visitors to @AuManufacturing were reading. 5) CEA Technologies wins $272 million Army radar contract A $272 million purchase by the federal government will see defence electronics company CEA Technologies deliver “up to 14 multi-mission phased array radars (MMPARs) for the Australian Army”. According to a short announcement from…
Premier Peter Malinauskas has issued a stern warning to GFG Alliance’s Sanjeev Gupta, urging transparency and immediate action on overdue financial commitments as concerns mount over the future of the Whyalla Steelworks in South Australia. Amid reports of significant arrears in royalties and payments to contractors, the Premier emphasised the need for Gupta to prioritise…
Steelmaker GFG Alliance’s executive chairman Sanjeev Gupta put on a brave face in South Australia this week, vowing the company’s troubled Whyalla blast furnace would produce again and that the site had a future making green steel. Gupta travelled to Whyalla in South Australia to inspect repair work on the blast furnace which has been…
Australia and New Zealand forestry and timber company OneFortyOne has announced a $30 million investment in a renewable biomass power generation project at its Jubilee Sawmill in Mt Gambier, South Australia. One of the largest timber mills in Australia, the company is investing a total of $90 million at Jubilee which includes the installation of…
Five South Australian companies will undertake a programme to help them enter the global supply chain for nuclear-powered submarines, under an agreement with the United States’ largest shipbuilder Huntington Ingalls Industries (HII). The state government has partnered with HII through HII Nuclear Australia Pty Ltd (HII-NA) to accelerate the development of the state’s defence industry…
The federal government has announced the next stage in the development of continuous naval ship building with commencement of the construction of the first of six planned Hunter Class Frigates. This milestone was marked today by the Deputy Prime Minister Richard Marles and the Premier of South Australia Peter Malinauskas cutting the first piece of…
Nanosatellite IoT communications company Myriota has announced a $1.5 million investment from the Australian Space Agency’s Moon to Mars Initiative Demonstrator Mission Grants. The funding will support the development of a compact, low-cost satellite communications payload providing resilient, flexible and scalable radio communications in off-world environments. The announcement was made at the launch by South…
Linda Dobe appointed D-D of Queensland Manufacturing department The Queensland government has announced the appointment of three new Directors-General, each with a wealth of experience, to lead key departments. The appointments include: Linda Dobe as Director-General for the Department of Regional Development, Manufacturing and Water (DRDMW), Peter McKay as Director-General of the Department of Employment,…
