ASX Announcements
Change of Director's Interest Notice x 3
Change of Director’s Interest Notice
Cleansing Notice, Asset Acquisition
Application for quotation of securities - ARI
Appendix 2A (Application for Quotation of Securities)
Notification of cessation of securities - ARI
Appendix 3H (Notification of cessation of securities)
February
Gupta’s ‘ringfenced’ InfraBuild bought $430m of Whyalla steel
KordaMentha will scrutinise the sizeable related-party transactions in the administration of the stricken steelworks.
KordaMentha gets second bite of the Whyalla apple
Mark Mentha and his colleague Sebastian Hams return to the steelworks town after both did the due diligence on Sanjeev Gupta.
How Gupta’s ill-fated Whyalla ownership unravelled
Sanjeev Gupta has lost Adelaide’s politicians, and with them, his last loyal constituency.
October 2024
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.
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.
May 2024
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.
April 2024
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.