The Whyalla steelworks being put into administration by the South Australian Government raises questions for Tasmania’s Liberty Bell Bay facility, also owned by the GFG Alliance.
This major development in SA is the latest in a long line of issues plaguing GFG Alliance. In Australia, GFG owe at least $300 million, and have fallen behind in payments to numerous contractors too. The full extent of their debts is unknown.
Meanwhile in the UK, GFG is under investigation for fraud, fraudulent trading, and money laundering – and company head Sanjeev Gupta is being prosecuted for failing to file accounts for over 70 companies. There are numerous other international issues too.
Cecily Rosol MP:
Whyalla steelworks going into administration raises serious questions about the future of Tasmania’s Liberty Bell Bay facility. As a major industrial and major employer in Lutruwita / Tasmania, the future of the Liberty Bell Bay is crucial for the state.
Given the facility’s importance, the Rockliff Government needs to be working proactively to mitigate what is now clearly a growing risk to the future of the facility. The Liberals must outline what steps it is taking in response to the national and global circumstances around GFG Alliance.
Senator Nick McKim:
Liberty Bell Bay is a major supplier to the Whyalla steelworks. The PM has announced support for Whyalla which the Greens support, but we need to know what the implications are for Bell Bay.
The PM needs to make sure that the interests of Liberty Bell Bay workers and contractors is factored in to the Whyalla assistance package, and be prepared to step in and offer similar assistance in Tasmania if necessary.
