ASX Announcements
Notification regarding unquoted securities - ARI
Appendix 3G (Notification of Issue, Conversion or Payment up of Unquoted Equity Securities)
- Dec 19, 2024
- 8 pages
Notification regarding unquoted securities - ARI
Appendix 3G (Notification of Issue, Conversion or Payment up of Unquoted Equity Securities)
- Dec 19, 2024
- 5 pages
October
Blast from the past: Molycop pins hopes on 2025 IPO
Molycop’s Omaha-based CEO Jim Anderson met with a handful of fund managers in late September, reacquainting them with the idea of an ASX listing.
- Sarah Thompson, Kanika Sood and Emma Rapaport
The town bearing the brunt of Sanjeev Gupta’s financial nightmare
The British industrialist’s steelworks looms over Whyalla, population 21,900. There’s plenty at stake if things go south.
- Simon Evans
May
Gupta’s $500m Whyalla steelworks upgrade delayed by two years
A plan to produce green steel will now be pushed out until 2027, the company said. It is already grappling with issues that have shut down the furnace.
- Simon Evans
April
- Exclusive
- Manufacturing
Sanjeev Gupta’s Whyalla steelworks crippled by blast furnace strife
The shutdown, which has run for four weeks so far, is an unwanted hit to the finances of the British industrialist’s struggling manufacturing empire.
- Simon Evans
November 2023
Gupta loads InfraBuild up with debt to save his global empire
Documents sent to prospective bondholders suggest the money may be distributed far and wide. Creditors were hoping for a lot more than what is now being raised.
- Simon Evans
May 2023
Molycop owners prepare to float steel business, call in Goldman Sachs
American Industrial Partners snapped up the company, the crown jewel of the Arrium empire, for $1.6 billion in 2016. It is hoping for an IPO worth $2 billion.
- Sarah Thompson, Kanika Sood and Emma Rapaport
February 2022
High Court boost for shareholder class actions
Lawyers say a High Court decision on the collapse of steelmaker Arrium will benefit securities class actions.
- Michael Pelly
November 2021
Sanjeev Gupta may keep stake in Cultana solar farm
GFG Alliance is on a slightly better footing than in the dark days of May and the green economy push is accelerating faster too.
- Simon Evans
June 2021
Australian Club campaigner has form on unpopular fights
In 2012, Peter Graham was a vocal but largely ineffective campaigner against the then OneSteel’s plan to change its name to Arrium.
- Myriam Robin
May 2021
Arrium courtroom saga awaits judge’s ruling
After more than two months of battle in the courtroom, former Arrium lenders and treasury employees are awaiting the court’s decision over the 2016 collapse of the steel maker.
- Max Mason
Liquidators reach settlement with Arrium directors
The insolvent trading action brought against Arrium Group’s board of directors and members of management has reached a settlement.
- Max Mason
April 2021
Former Arrium chairman grilled over 2016 collapse
The court battle over Arrium’s demise is running parallel to Gupta’s battle to save his empire from the collapse of its main financier – Lex Greensill’s supply chain finance business Greensill Capital.
- Max Mason
- Exclusive
- Courts
First settlement in battle over collapse of Arrium
A treasury employee who was a defendant in one of the three legal actions being fought over the $2.8 billion collapse of Arrium has reached a settlement with the lenders suing her.
- Max Mason
March 2021
Lack of trade buyers for Molycop concerned Arrium
KordaMentha launched its action in July 2019 against 10 former Arrium directors for alleged insolvent trading.
- Max Mason
Arrium used EY to push lenders to forgive debt
The former CFO of collapsed steel-maker Arrium has faced a four day grilling over the company’s demise over 2015 and 2016.
- Max Mason
Gupta director says Infrabuild is Greensill-free
Ray Horsburgh says Sanjeev Gupta’s biggest Australian business has a robust order book that is getting busier.
- Simon Evans, Jenny Wiggins and Hans van Leeuwen
Arrium was not in a liquidity crisis: directors
The lawyer for former directors argued the phrase “liquidity crisis” by plaintiffs was odd and Arrium was, and expected to remain, within its banking covenants.
- Max Mason
Arrium ‘could not avoid its day of reckoning with lenders’
Lawyers for KordaMentha argue the Arrium board had reasonable grounds to suspect insolvency or that it would become insolvent and unable to pay its substantial debts.
- Updated
- Max Mason
Arrium ‘bled cash’: lenders kick off legal battle
A group of lenders is making allegations of misleading and deceptive conduct or negligent misstatements in relation to drawdowns on loans.
- Max Mason
The battle over Arrium’s demise kicks off
The downfall of the one-time BHP Billiton division is to be forensically examined in three separate, but interlinked, legal actions getting under way on Monday.
- Max Mason