Acquirers shortlisted as Arrium eyes $160M in savings

ARRIUM has started shortlisting groups interested in its mining consumables business, with more than $A160 million in savings identified in other parts of the company.

Acquirers shortlisted as Arrium eyes $160M in savings Acquirers shortlisted as Arrium eyes $160M in savings Acquirers shortlisted as Arrium eyes $160M in savings Acquirers shortlisted as Arrium eyes $160M in savings Acquirers shortlisted as Arrium eyes $160M in savings

Arrium hopes to improve productivity at its iron ore operations.

The cost cutting and potential sale forms part of a wider strategic review, with the move designed to cut debt and costs amid the mining downturn.