This Month
Gupta’s InfraBuild sinks to $81m half-year loss as debts balloon
Documents circulated to lenders show the company, which runs furnaces in Sydney and Melbourne, bought $140 million in steel from the collapsed Whyalla plant.
Whyalla’s administrators say steelworks was ‘hard-wired’ for losses
The South Australian government expects KordaMentha to run the plant until mid-2026, after the mill was seized from British industrialist Sanjeev Gupta.
This three-point plan can restore respect for taxpayers’ money
The three major announcements by the two major parties so far this election year perfectly encapsulate everything that is wrong with Australian politics
February
Sanjeev Gupta’s largest creditor leads an Insta-rich life
NRW Holdings has been revealed as Whyalla’s biggest creditor. The company’s CEO has been globetrotting while the Gupta debts hit home.
December phone call led to Whyalla steelworks bust
A call to administrator Mark Mentha two days before Christmas culminated in the dramatic seizure of Sanjeev Gupta’s steel plant two months later.
Whyalla steelworks fallout trips up $1.5b mining contractor
NRW Holdings must hastily redo its half-year result because its Golding business is owed up to $120 million in the collapse of part of Sanjeev Gupta’s empire.
Gupta’s ‘ringfenced’ InfraBuild bought $430m of Whyalla steel
KordaMentha will scrutinise the sizeable related-party transactions in the administration of the stricken steelworks.
Why Albanese is going for broke at Whyalla
The prime minister is intent on saving jobs and the South Australian steel industry with a joint government bailout of $2.4 billion. But his hopes of a green steel future are much more tenuous.
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.
Australia backs Zelensky after Trump attack
Richard Marles says Volodymyr Zelensky is not dictator after Donald Trump’s attack; Labor is not bailing out Sanjeev Gupta, Malinauskas says. How the day unfolded.
Labor open to equity stake in Whyalla steelworks
Part government ownership of the Whyalla steelworks is one option not being ruled out to help lure a buyer.
Jobless rate rises; Labor’s $2.4b Whyalla rescue; Rio Tinto’s miracle
Read everything that’s happened in the news so far today.
How Gupta’s ill-fated Whyalla ownership unravelled
Sanjeev Gupta has lost Adelaide’s politicians, and with them, his last loyal constituency.
Labor prepares rescue plan after Gupta’s Whyalla steelworks collapses
The massive South Australian manufacturing operation is being run by KordaMentha, with the federal and state governments signing off on a major support package.
South Australia shirt-fronts Gupta to save Whyalla once again
The South Australian government lost confidence in Sanjeev Gupta’s promises. But a new buyer will need to stomach two big risks.
Golf club drama in the way of the Saudi revolution
The Saudi-backed golf exhibition will need Grange club members to agree to host the event in the years ahead.
December 2024
‘Darn sensible’ Labor states outcompete Victoria, says top Liberal
Shadow treasurer Brad Rowswell has been in Britain looking at how the state might get in on the AUKUS action, and ruing the salesmanship of rivals NSW and SA.
Stephen Conroy goes spluttering and unhinged against the BCA
The former Labor senator went troppo at the Business Council, whose members include his own lobby clients.
November 2024
Labor’s golden boy pledges focus on economy
South Australian Premier Peter Malinauskas promised not to succumb to hubris after a second resounding byelection win in eight months.
October 2024
Crisafulli’s election donations reform could allow more, not less
The freshly minted Queensland premier is eager to change electoral donation laws to even the playing field as the Albanese government prepares national laws.