IT MAY not be a silver bullet but embattled steel maker Arrium has been thrown a $70 million bone by Indian coal conglomerate Adani, after the signing of a memorandum of understanding giving Arrium sole right to supply the steel required for the double-tracked 400km rail line between the central Queensland mine site and the Abbot Point port, from South Australia’s Whyalla steelworks.
The move has been lauded by Whyalla’s mayor, Australia’s Minerals Council, the South Australian government and the Federal Resources Minister Matt Canavan. Whyalla Mayor Lyn Breuer told Australia’s Mining...
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