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Arrium

No outcome in Arrium pay talks

The Australian - ‎15 hours ago‎
KordaMentha had proposed a three-year pay reduction for workers across Arrium's mining and steelworks operations in Whyalla which would include a two per cent increase in the final year.

Arrium talks to resume on pay cut

Yahoo7 News - ‎15 hours ago‎
Arrium workers in South Australia and the company's administrators remain at odds over a proposed pay cut. Representatives from the Australian Workers Union and administrators KordaMentha held fresh negotiations on Wednesday but were unable to ...

Arrium pay negotiations set to continue

Yahoo7 News - ‎5 hours ago‎
Negotiations on a proposed pay cut for Arrium workers in South Australia are set to continue. Representatives from the Australian Workers Union and administrators KordaMentha will meet again on Thursday after they could not reach agreement during talks ...
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Malcolm Turnbull says Arrium loan will 'save jobs'

The Sydney Morning Herald - ‎Jul 22, 2016‎
Struggling steelmaker Arrium will secure a $49 million federal government lifeline under a loan that Prime Minister Malcolm Turnbull's government says will protect thousands of at-risk jobs.

Doombull fixes Arrium just like the Budget

MacroBusiness (blog) - ‎Jul 24, 2016‎
The Turnbull Government is delivering on its election commitment to support South Australia's steel sector and workers at Arrium. The Export Finance and Insurance Corporation will provide a loan under the National Interest Account of $49.2 million for ...

Coalition to uphold $49 million lifeline promised to Arrium

ABC Online - ‎Jul 22, 2016‎
The re-elected Federal Government is expected to hand a funding lifeline to Arrium within days. The Coalition confirmed it will follow through on its election commitment to lend $49.2 million to the owners of Whyalla's steelworks on South Australia's ...
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Arrium's overseas bankers baulk at Whyalla loan

The Sydney Morning Herald - ‎Jul 21, 2016‎
Now all hands are on deck to save Arrium's Whyalla business with the loan an election promise from recently re-elected Prime Minister Malcolm Turnbull.

IPO looms for Arrium's Moly-Cop

The Australian - ‎Jul 24, 2016‎
Arrium has about 43 lenders. Some are saying that attempts to find another investment bank to join Deutsche for the sale of the group's other steel and iron ore assets could indicate that parts of the operation will probably be hard to sell ...
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Arrium workers face 17pc pay cut

The Australian - ‎Jul 18, 2016‎
Administrators of embattled steelmaker and miner Arrium (ARI) are trying to secure a 17 per cent pay cut from Whyalla workers and lift iron ore exports by up to 3 million tonnes a year in order to bolster a formal sales process for the whole Australian ...

Banks line up for Arrium deal

The Australian - ‎Jul 14, 2016‎
Arrium's management is on a global road show for Moly-Cop as part of a dual-track process for the operation, but some sources say a divestment of Moly-Cop via an initial public offering is now shaping up as the most likely scenario, with indications ...

Australia to grant $36.7m to support troubled Arrium's iron-ore business

Mining Technology - ‎Jul 25, 2016‎
The Australian Government is to grant A$49.2m ($36.7m) in support for trouble-hit firm Arrium's iron-ore business and increase the company's cash-flow.

Jay Weatherill's $12m bike sharing program goes down like a lead balloon

The Australian Financial Review - ‎2 hours ago‎
The Arrium steel foundry is teetering on the edge. And as this paper has been reporting all week, the energy sector is in turmoil as a wind-reliant electricity market sends prices through the roof.
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Lazard's Lachlan Edwards wears ADM, Graincorp blind date disaster

The Australian Financial Review - ‎9 hours ago‎
In the end, Edwards is a restructuring banker out of Goldmans, Arrium's man, not a market-facing dealmaker. And this was ultimately a judgment call (would Wylie have made the same?
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Over-reliance on renewable energy has Whyalla fearing a grim future

The Australian - ‎Jul 20, 2016‎
One in every 10 people in Whyalla, 380km north of Adelaide, works for steelmaker Arrium, which in April went into administration.
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BHP Billiton says SA power crisis concern for Olympic Dam

The Australian Financial Review - ‎Jul 15, 2016‎
Jacqui McGill, the BHP executive in charge of Olympic Dam, with struggling steelmaker Arrium and Nyrstar, owner of the Port Pirie smelter, pushed for a mothballed gas-fired power station to be restarted to ease "extreme" prices in South Australia this ...
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Rush to wind forcing power prices up, say SA Liberals

The Australian - ‎Jul 14, 2016‎
Soaring electricity prices in South Australia have seen up to 10 major manufacturers, including BHP Billiton, Arrium and Nyrstar, approach Treasurer Tom Koutsantonis to warn of production shutdowns unless the government intervened.

Talks to ramp up on super school

Whyalla News - ‎22 hours ago‎
“The study began before Arrium's announcement. Should a decision be made to progress this to a funded project, the demographic trends of the city would be considered at that time.

Steel Workers Facing Pay Cut

Sourceable - ‎Jul 19, 2016‎
AWU branch secretary Peter Lamps says workers have been told the proposed pay cut would be permanent, unlike temporary cuts offered prior to Arrium entering administration. “I would suspect when you start getting closer to that bedrock, negotiations ...
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BlueScope shares soar on fourth profit upgrade

The Australian - ‎Jul 14, 2016‎
Earlier this week, federal Industry Minister Christopher Pyne said Arrium was “back on track and not in danger of closing”, a stance South Australian Labor Premier Jay Weatherill called premature.

Editorial: Invest wisely so kids get a fair go

The Advertiser - ‎Jul 24, 2016‎
“Those positives are continuing to operate in the background, even if they're not headline-hugging as what's happening to Holden or Arrium - or even to the ASC,” Deloitte noted. What the CommSec report shows is that the SA economy is not the only one ...
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