The collapse of German financier Greensill Capital has thrown the future of the GFG Alliance into jeopardy, with Australia’s Whyalla steel mill and Tahmoor Coal caught in the crossfire.
Anglo American and South32 have finalised the sale of the Tasmanian Electro Metallurgical Company (TEMCO) smelter to GFG Alliance.
South32 has agreed to divest Tasmanian Electro Metallurgical Company (TEMCO) to Sanjeev Gupta’s GFG Alliance.
GFG Alliance has revealed further plans to transform its Whyalla steelmaking facility on the back of its South Australian mine products.
Havilah Resources’ attempt to pass a $100 million funding proposal from GFG Alliance member, SIMEC Mining, has been blocked.
Havilah Resources has submitted an application to the takeovers panel claiming its co-founder and former director Keith Robert Johnson has been misleading shareholders.
SRG Global has impressed GFG Liberty OneSteel with its capability and performance in recent months, setting it up for a long-term contract at the Whyalla Steelworks site in South Australia.
Havilah Resources has secured up to $100 million in funding from SIMEC Mining, a subsidiary of GFG Alliance, to advance its iron ore assets and copper prospects in South Australia.
Havilah Resources has agreed to provide SIMEC Mining additional time to carry out due diligence at two of its iron ore projects, Grants and Maldorky.
The mining contractor has made two major Australian mining operations that have little in common more alike than they seem.
SIMEC Mining has extended its exclusivity period at Havilah Resources’ Maldorky and Grants iron ore projects in South Australia.
Rio Tinto has completed the sale of its largest aluminium smelter in Europe, Aluminium Dunkerque, to Liberty House for $US500 million ($697 million).
GFG Alliance executive chairman Sanjeev Gupta has revealed the company is planning to construct a steel plant in Whyalla, South Australia, that will be the largest in the western world.
Havilah Resources has reported the discovery of a significant iron ore deposit in the Grants Iron Ore Basin in South Australia.
GFG Alliance’s SIMEC Mining has agreed to determine the development and commercialisation potential of Havilah Resources’ Maldorky and Grants iron ore projects in South Australia.
The Tahmoor coking coal mine, located around 75km southwest of Sydney, has been officially opened by representatives of owner GFG Alliance, including chief executive officer Sanjeev Gupta.
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.