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Arrium

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Why Kansas City is a hot topic in Whyalla as Arrium battles on

The Sydney Morning Herald - ‎May 26, 2016‎
Kansas City is increasingly the talk of Whyalla but not because of nostalgia for The Wizard of Oz. The United States city is a major profit driver for the $1.5 billion Moly-Cop business which may be floated out of the collapsed Arrium structure, but if ...
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Arrium lenders consider $1.5b Moly-Cop float

The Australian Financial Review - ‎May 24, 2016‎
Arrium's lenders have been asked to consider a $1.5 billion initial public offering for the bankrupt company's crown jewel, grinding media business Moly-Cop.

Avon calling for Arrium as New York private equity circles

The Sydney Morning Herald - ‎May 19, 2016‎
Two New York private equity funds, one of whom bought out the North American arm of beauty products firm Avon three months ago, are eyeing all of the collapsed Arrium business provided a co-investment package from government for the Whyalla ...
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Three buyers circling Arrium's Whyalla steelworks

The Sydney Morning Herald - ‎May 16, 2016‎
At least three potential buyers circling the unprofitable Whyalla steelworks owned by the collapsed Arrium could receive sizeable financial assistance from the South Australian government.

'We are not blaming Arrium'

Whyalla News - ‎May 22, 2016‎
The freehold owners of the Whyalla Foreshore Motor Inn have distanced themselves from claims that Arrium's dire situation contributed to the motel's closure.
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Adelaide News 'Doomsday scenario' looms over Arrium closure

Ten Eyewitness News - ‎May 23, 2016‎
Adelaide News - 26 May 2016 Comprehensive coverage of local, national and overseas news presented by Rebecca Morse. Includes sport presented by Nick Butler and the latest weather from Kate Freebairn.

K&S faces $12.8m debt on Arrium failure

Australasian Transport News - ‎May 24, 2016‎
K&S Corporation has signalled the failure of one of its biggest customers will cost it $12.8 million. Steel-maker Arrium's failure was always going to be a significant blow but now K&S has enumerated just how heavy. But that fails to take into account ...
Arrium Hits Trucker K&S Corp
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NSW steel key to Arrium

Whyalla News - ‎May 26, 2016‎
A New South Wales fabricator has offered their assistance in the battle to save Arrium. K&R Fabricators supplies steel to Bluescope in Port Kembla, and senior project engineer Ian Waters believes pressuring the NSW government to use Australian steel ...

RPT-UPDATE 1-Collapsed Australian steelmaker Arrium eyes sale of profitable Moly-Cop unit

Reuters - ‎May 23, 2016‎
(Repeat story published on Monday). * Arrium collapsed after private equity bailout rejected. * Global investment bank to be hired to advise on sale.

Arrium boss forfeits share bounty

The Advertiser - ‎May 16, 2016‎
ARRIUM”S former managing director Andrew Roberts left the company with more than half a million shares but forfeited the rights to a whopping 24.7 million more when he walked out the door on May 6. The former boss of the troubled steelmaker and miner ...

Fed Labor open to Arrium finance package

9news.com.au - ‎May 16, 2016‎
Federal Labor would consider financial assistance for troubled steel and mining group Arrium if it wins the election. But opposition leader Bill Shorten says that does not mean a Labor government would prop up Arrium's day-to-day running costs. "If ...

Arrium collapse would cripple construction, says administrator

Manufacturers' Monthly - ‎May 24, 2016‎
The country's construction industry would grind to a halt within weeks if Arrium stopped making steel, according to the company's administrators.

Arrium sale expected to be complete by year's end

Manufacturers' Monthly - ‎May 23, 2016‎
Steel and iron ore business Arrium will be on the market in late-July and most of the restructure and sale is expected to be completed by the end of the year, says the company's administrators.

IPO for Arrium's grinding media business considered

Manufacturers' Monthly - ‎May 24, 2016‎
Arrium's lenders are reportedly considering a listing of the profitable Moly-Cop grinding media business. The Australian Financial Review's Street Talk column cites unnamed sources “close to the lenders”, who say investment banks have asked lenders to ...

SA government wants Arrium sold off whole

Manufacturers' Monthly - ‎May 25, 2016‎
The South Australian government has said taxpayer support was conditional on Arrium's sale benefiting Whyalla, and not being split up and sold.

4000 jobs, $530 million gone if Whyalla steelmaker Arrium closes

Herald Sun - ‎May 22, 2016‎
Highlighting the broader impact that Arrium's closure would have, the report found that South Australia's economy - which currently has Australia's highest unemployment rate of 6.8 per cent - would shrink by up to $770 million and 5363 fulltime ...

Arrium woes play a part in motel liquidation

Manufacturers' Monthly - ‎May 18, 2016‎
Arrium's difficulties have played a significant part in the liquidation of a hospitality business in Whyalla, according to the business's owner.

Arrium suppliers access State Government financial lifeline::

Invest in Australia - ‎May 25, 2016‎
Two Arrium suppliers have accessed the State Government's new interest-free Whyalla Small Business Loan Scheme in order to address cash flow issues associated with the Arrium Administration. Treasurer Tom Koutsantonis has approved the application ...

Arrium планируют выставить на продажу в конце июля

ИА Минпром - ‎May 26, 2016‎
Фирма KordaMentha, временный управляющий австралийской металлургической группой Arrium, фактически находящейся в состоянии банкротства из-за долгов в 4,3 млрд долл., сообщила, что выставит ее на продажу в конце июля 2016 г.
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Pauline Hanson given even chance of Canberra return

InDaily - ‎May 24, 2016‎
“The most dangerous outcome of the closure of Arrium would be the forecast loss of almost 4000 jobs and the impact on Whyalla - that would have a massive impact on confidence in what is now the country's slowest economy.
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