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Keep up with the latest and largest contracts from across the mining sector, including at Pembroke Resources, SIMEC, Monadelphous and more. 

Whyalla Steelworks is likely to be saved after a new refinancing deal was struck that will give the major S...

Gupta calls Whyalla a spiritual home in race against time Save Share Steel magnate Sanjeev Gupta has stepped up a public charm offensive while he frantically tries to cement replacement funding for his teetering global empire, calling Whyalla his “spiritual home” and saying the steelworks and mining operations are benefiting from “strong tailwinds” in steel and iron ore markets. In an open letter to people in South Australia, where he bought the Whyalla steelworks in mid-2017 after it was under administration for 16 months following the collapse of Arrium Ltd, he said he w...

In an ironic twist, GFG Alliance’s Australian operations, employing 6500 people, are in a better operating position than when they went bust in 2016.

Gupta’s Whyalla steelworks reverses losses Save Share Sanjeev Gupta’s GFG Alliance says the Whyalla steelworks and associated iron ore mining operations are back in the black after years of losses, as unions expressed concern about the potential fallout from the troubles of one of GFG’s main financiers, Greensill Capital. The steelworks in South Australia ran at a loss last year, prompting a three-month review to prune costs. The broad rebound in the economy as stimulus programs triggered heavy demand in the construction sector, and rising iron ore prices helped the group retur...