Arrium’s administrators have received about 20 expressions of interest, with non-binding offers coming through over this month and final bids due in December for the collapsed iron ore and steel company.
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Arrium Whyalla plant back to 80 per cent production, power restored
Power has been urgently restored at Arrium's Whyalla site, minimising what was expected to be a loss of up to $30 million, following last week’s South Australian blackout.
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Full power to be missing at Arrium Whyalla until next Tuesday: administrator
The South Australian blackout is causing around $4 million a day to be lost at the Arrium Whyalla steelworks, with administrators saying power might not resume until next Tuesday.
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Arrium steelworks’ survival chances increase following pay cut vote: administrator
Whyalla’s Arrium workers have voted in favour of a 10 per cent pay cut, following a rejection of the new enterprise agreement last month, in news the company’s administrator said would help ensure the survival of the steelworks.
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Shorten to meet Arrium workers, call for Turnbull to increase assistance
Bill Shorten will meet Arrium workers this afternoon, and will push prime minister Malcolm Turnbull to increase the government’s support from the $49.2 million loan pledged during the election campaign.
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Economic uncertainty straining Whyalla community, support services: Mission Australia
Economic uncertainty in the steel city of Whyalla is seeing increased anxiety in the community and putting youth in danger of developing drug and other problems, according to Mission Australia.
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“Too early” to write China steel growth obituary, says BHP forecaster
Chinese steel output will continue to increase modestly, BHP Billiton is predicting, contrary to some analysts’ predictions.
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Field of potential Moly-Cop buyers narrows
According to a report today, there is about half a dozen parties currently interested in Moly-Cop, and whether the grinding media business is bought or floated is expected to be known in October.
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Action against steel dumping “ridiculous”, says Chinese official
A senior Chinese official has said Chinese steel demand peaked two years ago, and called Australia’s attitude to steel dumping “ridiculous”.
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Arrium to make first steel for Tarcoola rail project today
The first batch of steel to be used to upgrade the fast-tracked Adelaide-Tarcoola rail line upgrade will be produced at Arrium’s Whyalla steelworks today.
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G20 summit agrees to forum monitoring China’s pledge to cut steel oversupply
The two-day Group of 20 leaders’ summit has agreed to the creation of a “steel forum”, which would monitor China’s pledge to cutting its steel output, though the issue remains economically sensitive within Australia.
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Deal on Arrium Whyalla wages could be announced this afternoon
According to the administrator involved, a deal on pay reductions for Arrium workers could come as soon as this afternoon.
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Savings still needed if Bluescope to avoid Port Kembla “Plan B”
Bluescope Steel, which announced a 160 per cent lift in its annual profits yesterday, has said it needs to continue cutting costs and be "competitive and profitable producer" if it is to keep the Port Kembla steelworks open.
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Whyalla tense as Arrium future remains uncertain
The uncertain future of the Whyalla’s main employer, the Arrium steelworks, continues to trouble the city, with a significant capital injection needed to make the plant competitive again.
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Whyalla community updated on Arrium
An informal meeting was held last night at Whyalla, with Arrium administrator KordaMentha briefing an audience and explaining the need for a new pay agreement and energy solution to assist with the sale.
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Morgan Stanley to sell Arrium minus Moly-Cop
Morgan Stanley will run the sale process for Arrium Australia – the steel and iron ore group minus Moly-Cop – with the mandate to pursue a trade sale rather than ASX listing.
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ASX float for Arrium’s Moly-Cop could come soon
An IPO for Arrium’s grinding media business, Moly-Cop, could come soon, according to reports that say a sale is supported by fund managers.
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25 Bluescope slab yard jobs to be automated
About 25 jobs at Bluescope Port Kembla’s slabyard will be lost as automated processes are brought in.
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New gen robots cutting weld time by up to 90 per cent
Servicing, Maintenance and Welding (SMW) Group provides field servicing, maintenance and emergency repair and rebuild services to customers in Central Queensland.
The company also provides complete plant
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Low-cost magnesium developed by CSIRO
In a move that could help reinvigorate the metal production industry in Australia, CSIRO and Enirgi Group have joined forces to develop and commercialise an affordable and low-emission technology for producing
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