Arrium’s administrator KordaMentha will appoint Deutsche Bank for the sale of Arrium’s grinding media business, Moly-Cop.
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Administrator hopeful of pre-election federal co-investment for Arrium
Arrium’s administrator has said it is “quietly confident” federal assistance could be delivered by the July 2 election, though the government has said it wouldn’t be rushed into a decision.
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Arrium sale expected to be complete by year’s end
Arrium is expected to be on the market in late-July, with most of the restructure and sale set for completion by the end of the year.
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A grim future for Arrium, Ford and Queensland Nickel workers?
Arrium enters voluntary administration
Steel and iron ore business Arrium announced this morning that it has appointed Grant Thornton as administrators.
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Arrium to make 30 redundancies, seek temporary pay cuts
Arrium has announced that it will make 30 redundancies and will ask mining employees to take a temporary pay cut of 10 per cent.
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Arrium to slash jobs
Arrium have announced that they will be cutting costs and jobs in the aim to save $100 million as they try and improve the viability of the steelworks.
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Arrium announces further write-downs
After a horror start to the year which saw the closure of its Southern Mining operation, Arrium has announced further write-downs.
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Arrium producing loss-making iron ore
Iron ore miner Arrium sold the commodity at close to a $9 loss per tonne during the first quarter.
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Arrium records a huge $1.5 billion loss
A string of impairments due to the falling price of iron ore has seen Arrium post a first-half loss of $1.5 billion.
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Arrium sells Newcastle manufacturing business
Arrium is selling its Wire Ropes business in Newcastle to a Danish firm for $90 million.
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More iron ore job losses as Arrium mothballs mine
A major shakeup at Arrium will see its Southern Iron mining operation mothballed.
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Arrium cuts 120 jobs in Newcastle
Miner and steel maker Arrium is cutting 20% of its workforce at its Waratah site in Newcastle.
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