In response to mounting pressures to settle substantial debts, the owners of Whyalla Steelworks, led by GFG Alliance’s chairman Sanjeev Gupta, are actively pursuing new financing solutions to sustain operations. This development follows intense scrutiny from South Australia’s Premier, Peter Malinauskas, who recently visited Whyalla to engage with creditors and reinforce the urgency of financial…
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…
The South Australian Minister for Infrastructure and Transport, and Minister for Energy and Mining Tom Koutsantonis has held an ‘urgent meeting’ with operators of the troubled Whyalla steelworks, emerging confident that the blast furnace would be up and running within a week. However Koutsantonis has ‘grave concerns’ about unpaid bills, according to media reports, with…
The operator of the Whyalla steelworks, GFG Alliance’s Liberty Primary Steel now expects to be able to restart the blast furnace on site on May 27, ahead of the June date originally feared. The blast furnace has been closed since March due to an uncontrolled iron breakout which damaged the furnace’s outer shell. The furnace…
The Whyalla steelworks blast furnace is idle and workers have accepted a temporary loss of pay following an incident during a routine shutdown operation. Owner GFG Alliance has confirmed that the blast furnace – Australia’s only source of steel rails and structural steel, had been closed since March due to an uncontrolled iron breakout which…