Tag: GFG Alliance

BHP’s Olympic Dam mine. Image: BHP. SOUTH Australia’s mining industry is seeing a renaissance with numerous new projects and the completion of several major developments. WITH more than $1 billion committed to the development of mining and mining infrastructure across South Australia, the mining industry is continuing to be an important economic contributor. South Australia Mineral Resources and Energy minister Dan van Holst Pellekaan said that mining was one of the key pillars of the State’s economy. “The resources sector already supports jobs and business opportunities in this State and increasing the number of mines through exploration and expanding the ability of existing mines to increase production and mine-life will further broaden the critical role the sector plays in the...

GFG Alliance executive chairman Sanjeev Gupta. Image: GFG Alliance. Photography: Sean Kelly.     BY ELIZABETH FABRI   IT’S been another big year for British billionaire Sanjeev Gupta and his global powerhouse GFG Alliance, with expansions in Australia, the US and Europe cementing the company as a leader in steel manufacturing and renewables. Moving into 2019, the company’s Australian division will accelerate further with an ASX listing on the cards, and plans underway to develop an electric vehicle manufacturing hub.   Three years ago GFG Alliance executive chairman Sanjeev Gupta made headlines for his rescue and revival of a number of distressed metals, mining, engineering and power generation operations in the UK. The acquisitions came at a time when the UK...

BY ELIZABETH FABRI   BRITISH steel magnate Sanjeev Gupta's GFG Alliance will pay $US500 million for Rio Tinto’s Aluminium Dunkerque smelter as part of a planned expansion into central Europe.   Rio Tinto announced it had received a binding offer from GFG Alliance’s industrial arm Liberty House, which it expected to complete in the second quarter of 2018, subject to final adjustments. The deal followed GFG Alliance’s acquisition of Rio Tinto’s Lochaber Smelter and assets in Scotland in December 2016; however this would be the group’s first significant step into continental Europe. GFG Alliance executive chairman Mr Gupta said Liberty planned to develop the 570-worker plant, and potentially create thousands more jobs on-site and for the wider community. The company...

Image: GFG Alliance. Photography: Sean Kelly.   BY ELIZABETH FABRI   THE bad run has ended for the cities of the Upper Spencer Gulf, who can finally catch their collective breath as new regional investments signal hope.   Twelve months ago the Upper Spencer Gulf cities of Whyalla, Port Augusta, and Port Pirie in South Australia were existing in a state of uncertainty. In Whyalla, the sale of Arrium’s assets remained up in the air; dire times for a community which had been impacted by almost 1000 job losses leading up to Arrium entering administration. If Arrium failed to secure a new buyer, many believed Whyalla and – to a lesser extent – the State of South Australia would fall...