GFG Alliance, owner of the Whyalla steelworks, announced plans to sell part or all of its stake in the Tahmoor Coking Mine to address outstanding payments to suppliers. Proceeds from the sale will be partly reinvested in Whyalla to support its operations. While the announcement is welcomed by the South Australian government, it remains cautious, urging a wait-and-see approach until concrete actions are taken.
GFG has announced its intent to sell part or all of their stake in an interstate coal mine to pay debts to Whyalla suppliers.The Whyalla steelworks' owner says it will sell part of its equity in a coal mine to pay debt owing to suppliersThe Whyalla steelworks' owner says it will sell part or all of its stake in a New South Wales coal mine and use some of the proceeds to "catch-up" on payments owed to suppliers.
Speaking to ABC Radio Adelaide, Mr Malinauskas said the government welcomed the announcement but would remain cautious moving forward. Opposition leader Vincent Tarzia is in Whyalla today, meeting with community members who remain cynical despite GFG's announcement.
GFG Alliance Whyalla Steelworks Coal Mine Sale Supplier Debts South Australia
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