Business
Sanjeev Gupta’s GFG Alliance to buy Tasmania’s TEMCO smelter from South32 – ABC News
A troubled manganese alloy smelter in Tasmania’s north has been saved from closure and is set to be sold to an international company headed by British businessman Sanjeev Gupta.
A troubled manganese alloy smelter in Tasmania’s north has been saved from closure and is set to be sold to an international company headed by British businessman Sanjeev Gupta.
Key points:
- The TEMCO smelter in Tasmania’s north employs 250 people, whose jobs are now understood to be safe
- South32 had been weighing up the future of the facility
- The sale to British businessman Sanjeev Gupta’s GFG Alliance is subject to approval from Australia’s Foreign Investment Review Bo…
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