GFG Alliance, the owner of Whyalla Steelworks, has announced plans to sell an interstate coal mine to help pay off its multi-million dollar debts. The company says the sale will free up funds for ...
Followed categories will be added to My News. The Advertiser has been supplied with a list of 1293 GFG external creditors, including large firms with debts ranging from almost $100m to small ...
Just over an hour’s drive south-west from GFG Alliance’s Sydney headquarters ... The gates to the mine are open and a few dozen cars are in the car park. Most of the 450 workers were sent ...
The steelworks, which is owned by GFG Alliance, has been in crisis after failing to pay tens of millions of dollars in royalty payments to the government, and millions in unpaid bills to creditors.
Followed categories will be added to My News. In a statement issued to The Advertiser through his GFG Alliance business, Mr Gupta acknowledges the steelworks is “currently navigating one of the ...
Sanjeev Gupta said GFG was "steadily ramping up production" and asked stakeholders to "work together". The company owes about $15 million in unpaid water bills in addition to "tens of millions of ...
The South Australian government had been pursuing GFG Alliance over unpaid royalties since the beginning of last year, documents show. Correspondence released under FOI shows the former Whyalla ...
The British industrialist said on Friday his company had reached an agreement with the main creditors of GFG’s former financier Greensill Capital, which collapsed in 2021. The development is ...
The action could have significant ramifications for Gupta and his global steel empire GFG Alliance, which has been battling numerous legal claims that were filed by creditors after the collapse of ...
British steel magnate Sanjeev Gupta’s GFG Alliance owned the plant, but the troubled firm owes creditors tens of millions of dollars, from the SA government to local subcontractors. Mr ...