BlueScope has formed a massive international consortium with Japanese, Indian and Korean steelmakers to explore acquiring the troubled Whyalla Steelworks, the company announced on Wednesday. The consortium includes Nippon Steel Corporation, JSW Steel and POSCO, collectively representing $115 billion in market capitalisation and total steelmaking capacity of approximately 130 million tonnes. BlueScope will leverage its…
Disability services provider Bedford Group will surrender land worth more than $20 million as part of its government bailout, whilst the future of its brand new $45 million manufacturing hub remains uncertain, according to reports on Monday. The Australian Business Network reported Bedford will relinquish its 3.9-hectare Balyana site at Clapham, which houses around 40…
BlueScope Steel has secured a pivotal advantage in the sale of Whyalla Steelworks, gaining a “right-of-last-offer” provision that gives it the opportunity to beat any final offers to acquire the facility, as The Australian Financial Review reports. The administrators have granted the ASX-listed company the ability to form a consortium with other interested parties and…
South Australian company Golden North Ice Cream is moving its processing facility after more than 100 years in the mid-north town of Laura, as the ABC reports. The operation will relocate to Murray Bridge, a little more than three hours away in the state’s Murraylands, to be closer to its milk suppliers. Managing director Dimi…
Metal processor Nyrstar Australia urgently needs to secure a government rescue package to ensure a future for its loss-making smelters in South Australia and Tasmania, as The Australian Financial Review reports. Chief executive Matt Howell said the company’s Swiss owner was weighing whether to close the plants within weeks. Howell, who took over as chief…
OneSteel Manufacturing has enhanced emergency response capabilities at its Whyalla Steelworks by bringing its Emergency Response Team services in-house, creating local jobs and boosting community skills. The company announced on Monday it had transitioned from external providers to an internal emergency response model, removing reliance on outside services while improving quality and responsiveness. The move…
The billionaire Stokes family has made an early move on the troubled Whyalla steelworks, with SGH Limited executives conducting a site visit ahead of the formal sale process. SGH chief executive Ryan Stokes and chief financial officer Richard Richards spent two days in the remote South Australian town recently, getting a head start before sell-side…
Greensteel Australia has signed a $1.6 billion order for a “next-generation” steel mill to be built in Italy as it advances its plan to take over the troubled Whyalla steelworks. The Sydney-based company finalised the deal with Italian firm Danieli at a contract signing in Adelaide on Sunday. The agreement includes a new plant, two…
South Australia’s space industry took a significant leap forward with the successful integration of Myriota’s Internet of Things (IoT) payload on the Kanyini satellite, according to an announcement released on Sunday. Adelaide-based companies Myriota and Inovor Technologies have collaborated on Kanyini, South Australia’s first state-funded satellite, which now orbits more than 500 kilometres above Earth.…
A $750 million green hydrogen facility proposed for Port Pirie’s smelter has been cancelled, according to the South Australian state government. The project, which was announced in 2021 by the former Liberal government, reportedly “never proceeded beyond feasibility” and “has not progressed for some years”, according to a South Australian government spokesperson. The government spokesperson…