The Marshall Liberal Government welcomes the announcement that GFG has secured ongoing finance for GFG’s Australian businesses.
Premier of South Australia Steven Marshall said this was an important day for the Whyalla community and hard-working people at the Whyalla Steelworks.
“The workers of Whyalla deserve enormous credit for the recent, much improved performance of the Whyalla Steelworks, which has contributed to this refinancing
“Our Government remains a steadfast supporter of the people of Whyalla, the local Council and of course the steelworks and the Middleback Ranges mining operations.
“The South Australian and Federal governments have worked closely together to give potential financiers the confidence to back Whyalla.
“GFG Alliance Executive Chairman, Sanjeev Gupta, has often told me he regards Whyalla as his ‘spiritual home’ and I am sure his faith in the future of the city and the steelworks has driven his determination to seek this second re-financing of the operations.
“This is the outcome all South Australians were hoping for and I look forward to the Whyalla Steelworks continuing its transformation as a key employer in Whyalla and the Iron Triangle,” Premier Marshall concluded.