‘Failed to invest back’: Minister unloads on GFG’s $800m offshore earnings
Sanjeev Gupta’s companies have sent almost $800m in Australian earnings offshore for various purposes, South Australia’s Energy and Mining Minister Tom Koutsantonis says.
Sanjeev Gupta’s companies have sent almost $800m in Australian earnings offshore for various purposes, South Australia’s Energy and Mining Minister Tom Koutsantonis says.
South Australian Premier Peter Malinauskas says putting the Whyalla steelworks into administration was about no less than saving sovereign steelmaking in Australia.
Pro Medicus co-founder Anthony Hall’s ambition to grow a seafood production empire continues with a bid launched to take over kingfish farmer Clean Seas Seafood.
GFG Alliance boss Sanjeev Gupta hopes Whyalla will return to break-even by mid-year as rival BlueScope flags a potential interest in the loss-making steelworks.
Cochlear chief executive Dig Howitt says tax reform and measures to boost productivity should be an election issue, as his company took a hit from cost of living pressures in the US.
Sanjeev Gupta’s GFG Alliance will sell all or part of the Tahmoor coal mine for about $800m with the money to flow to creditors of the Whyalla steelworks, and is about to settle its global debts.
Global Lithium’s chair is walking away after repeatedly calling on Australian regulators to intervene and block a group of allegedly ‘associated’ investors from gaining control of the board.
Chemist Warehouse co-founder Mario Verrocchi has urged franchisees to ‘stick around’ for five more years under the newly-minted merged firm.
The member of Adelaide’s billionaire Shahin family has taken a significant stake in a new firm.
Assertions from a senior Trump spokesman on trade claiming Australia’s aluminium sector is controlled by China is factually wrong, while our share of the US market is modest.
Original URL: https://www.adelaidenow.com.au/journalists/cameron-england/page/3