Britain’s Liberty House has offered $US500 million ($637.6 million) for Rio Tinto’s Dunkerque aluminium smelter in northern France.
Britain’s GFG Alliance continues to build its Australian asset portfolio, with its SIMEC Mining division agreeing to acquire Glencore’s Tahmoor metallurgical coal mine in New South Wales.
KordaMentha Restructuring has completed the sale of Arrium Group companies to Britain’s GFG Alliance after it secured the deal to acquire the business.
The chairman of new Arrium owner, Britain’s GFG Alliance, has reinforced the company’s commitment to the South Australian steel-maker and iron ore miner’s management, staff and unions.
Arrium’s committee of creditors has backed the sale of the steel and iron ore mining company to Britain’s GFG Alliance.
Britain’s GFG Alliance has emerged as the buyer of troubled iron ore miner Arrium despite not being the preferred bidder for the company.