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Leading Practice Mining Acts Review | Central Eyre Iron Project mining lease approved

News release: Premier Jay Weatherill, 1 September 2017.

Premier Jay Weatherill today welcomed the beginning of a new chapter for the people of Whyalla at a ceremony to mark the official handing over of the steelworks and mine to new owner GFG Alliance.

The event brings to an end 16 months of uncertainty for workers, their families, supply chain businesses and the broader Whyalla community.

Importantly, GFG Alliance Executive Chairman Sanjeev Gupta has said the company will make major capital investments in its Whyalla operations.

The State Government has also committed $50 million to be invested in Whyalla’s steel-making capacity to help ensure the long-term security of thousands of local steelmaking and mining jobs, and is in discussions with GFG about the nature of that investment.

Quotes attributable to Premier Jay Weatherill

Whyalla is the birthplace of the Australian steel industry, and I commend GFG and Mr Gupta for seeing the potential in the region.

Today marks the beginning of a hugely promising partnership with the GFG Alliance. The vision and strategy that underpins this acquisition means that the livelihoods of thousands of people have been secured, and that the region will prosper.

South Australia looks forward to seeing Whyalla steel increasingly competing in the global marketplace.

Quotes attributable to Treasurer Tom Koutsantonis

Whyalla has a proud history of steel making and today we celebrate the beginning of a new chapter for a city that produces the highest quality steel in the world.

The Arrium Administration brought 16 months of uncertainty for workers, their families, supply chain businesses and the broader community.

There is a renewed sense of confidence and optimism about the future in Whyalla since the sale of the steelworks and mine, and I congratulate the people of Whyalla and Mr Gupta on this important day for the steel city.

The State Government moved early to commit $50 million for the successful purchaser of Arrium to invest in the Whyalla operations, and we are in discussions with the company about how this investment will be made.

Quotes attributable to Member for Giles Eddie Hughes

Whyalla has been through an incredibly tough period with the loss of close to a thousand jobs leading up to Arrium going into Administration.

On top of the job losses came a period of profound uncertainty about our future.

Thanks to an amazing collective effort on the part of Arrium workers, unions, KordaMentha, government and the broader Whyalla community we are about to turn the corner.

Due to that effort GFG Alliance and its Executive Chairman Sanjeev Gupta has picked up the baton and are looking to seriously invest in the future of the company in Whyalla.

Three generations of my family have worked in the steel industry in Whyalla and I look forward to others having that opportunity in the years to come.