Business
Dark clouds hang over $1b Whyalla steel upgrade – The Australian Financial Review
The unravelling of the Greensill Capital empire, a major financier to Sanjeev Gupta’s GFG, has brought renewed concerns.
The full impact for GFG, thats uncertain, Mr Hughes said.
Mr Hughes worked in the shipbuilding and steel industries before becoming a state MP in 2014. He is heartened that the integrated Whyalla operations with iron ore mines in the Middleback Ranges feeding into the Whyalla steelworks had made financial improvements.
I do think theres real potential, he said.
SA stands firm
The South Australian Labor government, then led by Premier Jay Weatherill, put $50 million in cash on the table for any buyer…
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