Business
Whyalla steelworks owner Sanjeev Gupta has sold his company’s stake of South Australian company ZEN Energy back to its original owners, as the British billionaire’s GFG Alliance looks to cut costs globally.
Business
GFG Alliance says it has no “plans for widespread workforce changes” at the Whyalla steelworks, but has refused to rule out future job cuts, after the company axed more than 350 jobs from its steel plants in the UK last week.
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British industrialist Sanjeev Gupta has unveiled an ambitious plan for a “grand scale steel plant” in Whyalla, capable of annual exports of 10 million tonnes.
British Industrialist Sanjeev Gupta has confirmed his group’s interest in developing its own smelting operations in South Australia but has declined to comment on possibly working with the troubled Nyrstar operations at Port Pirie.
Billionaire industrialist Sanjeev Gupta has launched a $1 billion, one-gigawatt renewable energy plan based in South Australia’s mid-north that he says will lead Australian industry’s transition to more competitive power.
The UK billionaire who bought South Australia’s troubled Whyalla steelworks says Australians are yet to grasp that new coal-fired electricity is more expensive to produce than solar power.
