MANAGEMENT

GFG secures finance to replace Greensill

LIBERTY Primary Metals Australia has agreed terms to refinance GFG Alliance’s Greensill debt exposure, shoring up the future of the Whyalla steelworks in South Australia and the Tahmoor colliery in New South Wales.

GFG Alliance executive chairman Sanjeev Gupta has said he regards Whyalla as his ‘spiritual home’ .

GFG Alliance executive chairman Sanjeev Gupta has said he regards Whyalla as his ‘spiritual home’ .

Those operations were put in jeopardy after GFG financier Greensill went into administration. A GFG Alliance spokesman confirmed the financing would be sufficient to pay out its Greensill debt in full...

Start a free trial to continue reading this article
Already have an account?  
Subscribe now

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Monthly Intelligence team.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Monthly Intelligence team.

editions

Mining Magazine Intelligence Future Fleets Report 2024

The report paints a picture of the equipment landscape and includes detailed profiles of mines that are employing these fleets

editions

Mining Magazine Intelligence Digitalisation Report 2023

An in-depth review of operations that use digitalisation technology to drive improvements across all areas of mining production

editions

Mining Magazine Intelligence Automation Report 2023

An in-depth review of operations using autonomous solutions in every region and sector, including analysis of the factors driving investment decisions

editions

Mining Magazine Intelligence Exploration Report 2023 (feat. Opaxe data)

A comprehensive review of current exploration rates, trending exploration technologies, a ranking of top drill intercepts and a catalogue of 2022 Initial Resource Estimates and recent discovery successes.