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Reckless Labor stokes mining civil war to unseat Morrison
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Backpackers are picking fruit for $1 an hour and suffering horrific abuse at work, survey finds
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Future of Australian steelworks in doubt as UK fraud office investigates Gupta
The future of the Whyalla Steelworks in South Australia (SA) hangs in the balance as the fallout continues from the recent collapse of Greensill Capital.
The Gupta Family Group Alliance (GFG), which owns the Whyalla plant, owes an estimated $6 billion to Greensill, and is now the target of a liquidation operation by Credit Suisse, a major Greensill creditor.
GFG Alliance executive chairman Sanjeev Gupta marches with union officials and ALP senator Kim Carr in Whyalla, South Australia, September 2017. (AAP Image/David Mariuz.)
The plant’s 1,500 workers, as well as around 400 workers at GFG’s metallurgical coal mine at Tahmoor in New South Wales, now find their livelihoods threatened by the speculative wheeling-and-dealing of the financial elite.
Article by Amanda Jasi
AS PART of its 2021–22 Budget, the Australian Government is investing up to A$600m (US$464.3m) to allow energy generation company Snowy Hydro to construct a 660 MW gas power turbine in Kurri Kurri, Hunter Valley, New South Wales (NSW).
Though the Government has touted benefits such as job creation, reducing energy prices, and emissions reductions, opposition has cast doubt on the purported economic benefits, and has commented on the lack of need for additional gas power and its detriments to a lower-carbon future.
The planned gas power plant would help Australia to deliver its target of 1,000 MW of new dispatchable energy set in September, created in response to the coming closure of the 2,000 MW Liddell power station in 2023. Together, energy company EnergyAustralia’s 316 MW Tallawarra B open cycle gas plant and the Kurri Kurri plant are expected to shore up affordability, security, and reliability of electricity. Tallawarra B is expected by summer 2023
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