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Posts Tagged ‘Arrium’

  • Arrium sale saves 1,000 jobs in QLD

    September 8, 2017 • NewsComments (0)

    QLD State Development Minister Anthony Lynham congratulated GFG Alliance on the takeover of the former Arrium group operations, saying the move has brought job security to nearly a thousand Queenslanders statewide. Dr Lynham, who joined the company’s

  • GFG Alliance wraps up acquisition of Arrium

    September 4, 2017 • NewsComments (0)

    Global metals, industrials and energy group, the GFG Alliance, has completed the acquisition of Arrium – Australia’s leading integrated mining, recycling, steel manufacturing and steel distribution business. The official handing over of Arrium’s

  • GFG Alliance wins Arrium bidding war

    July 6, 2017 • NewsComments (0)

    Arrium administrators KordaMentha have agreed the sale of the whole Arrium business, including the steelworks and mine in Whyalla, to London based GFG Alliance (Liberty House). GFG Alliance, which is led by Gupta Family Group Executive Chairman Sanjeev Gupta,

  • South Korean consortium selected as preferred Arrium bidder

    June 19, 2017 • NewsComments (0)

    KordaMentha, the Deed Administrators for Arrium, announced that it had chosen a Korean consortium as the preferred bidder for the Arrium group of companies. The Newlake consortium, which is comprised of Newlake Alliance Management, JB Asset Management and the

  • Sale call injects greater certainty for local steel chain

    June 16, 2017 • Media ReleaseComments (0)

    The peak body representing the complete national steel supply chain, the Australian Steel Institute (ASI) has today welcomed KordaMentha’s naming yesterday of the preferred bidder in the sale process of Arrium. ASI Chief Executive, Tony Dixon said that the

  • Two bids received for struggling steelmaker Arrium

    June 2, 2017 • NewsComments (0)

    Arrium administrator KordaMentha announced that it has received two bids for the whole Arrium business, including the steelworks and mine in Whyalla. KordaMentha said the offers, submitted by the two shortlisted bidders, will be reviewed in consultation with

  • Arrium’s Moly-Cop sold for 1.6bn

    November 7, 2016 • NewsComments (0)

    Arrium’s administrators have reached an agreement to sell the company’s Moly-Cop grinding media business to US private equity firm American Industrial Partners for a total of $US1.23 billion (A$1.64 billion). Moly-Cop is the world’s largest supplier