Positive News for Arrium
Posted on Wednesday, 8 March, 2017
for Grey Rowan Ramsey said the confirmation by Arrium administrator Korda
Mentha that a final two bidders for the steelworks have been selected is very positive
Mr Ramsey said
he speaks to Industry Minister Arthur Sinondinos every few days regarding
Arrium. “I can assure all interested parties that the Minister is focussed on the
steelworks remaining an integral part of the Arrium portfolio and hopefully operating
at a bigger, better and more efficient level in the future,” Mr Ramsey said.
of the final two bidders means that now, both State and Federal Governments can
negotiate individually with each to decide what type of assistance and
assurances can be offered to the successful bidder.
“There has been
a reference in the media regarding the Government leaning on bidders to ensure
a long-term commitment to Whyalla and that has been my determination since day
one. The Minister is fully supportive of this view and of finding the best way
forward to ensure the steelworks remains a long-term and ongoing concern.
securing a future for Arrium has been a protracted process, the doubling of
iron-ore prices and significant rise in the price of steel since the steelworks
went into administration, combined with the $120 Federal Government injection
through both the beneficiation plant and the $70m Adelaide - Tarcoola railway
line, has ensured
Arrium is a much more attractive proposition for potential buyers.
“There has been
a high level of uncertainty in Whyalla regarding the future of Arrium and
been incredibly resolute throughout the process, but it has been a stressful
time and the sooner a decision is made, the better.
“I would hope
the administrator can soon release the names of the final two interested
parties so people can put meat on the bones of the proposals and I look forward
to a conclusion to this process and the opportunity for Whyalla to move forward
with a positive economic outlook.”
Leonie Lloyd-Smith 08 86331744
March 8 2017