The mothballed Liberty Bell Bay smelter in Tasmania has received a six-week funding commitment, allowing administrators to continue negotiations with a potential buyer consortium. Workers will retain their jobs for the interim period.
The administrator of the Liberty Bell Bay manganese smelter is continuing to engage with its preferred buyer consortium, providing a six-week funding commitment and a reprieve for over 200 workers. Adroit Capital had withdrawn from the consortium, raising job security fears, but ongoing talks offer hope for a sale.
The future of the Liberty Bell Bay manganese smelter remains uncertain as administrators continue negotiations with a preferred buyer consortium. A key member withdrew, creating a funding deadline, but a recent meeting provided a temporary reprieve, allowing workers to keep their jobs for now.
Bahrain's Alba announced the acquisition of France's Dunkirk Aluminum, the largest smelter in the EU, for $2.2 billion. The deal, supported by French investment bank Bpifrance, aims to build a global low-carbon aluminum platform.
Vedanta's Konkola Copper Mines has begun a 60-day shutdown of its Nchanga smelter in Zambia for essential maintenance and modernization. This move, part of a strategy to increase output, coincides with other plant shutdowns, potentially impacting global copper and sulphuric acid supplies.
A senior union official argues Australian smelters need government support to compete with China's "hard game" on the global minerals market, warning 800 jobs are at risk at the Port Pirie smelter. Nyrstar is seeking further funding after a previous bailout, citing international competition.
South Australia faces critical decisions on the future of its Whyalla steelworks and Port Pirie smelter. Billions in public funds are at stake, alongside thousands of jobs, as the government negotiates with multinational corporations amid decaying infrastructure and sovereign capability concerns.
Workers at Australia's only manganese smelter will be thrown an additional lifeline as the state and federal governments step in with a two-week pay offer. It comes days before a previous short-term deal was due to expire.
The window for non-binding offers to purchase for the Liberty Bell Bay smelter, in Tasmania's north, has officially closed, with a union delegation taking their cause to Canberra as workers anxiously await news.
The SA treasurer claims a foreign government is undermining the profitability of the struggling Port Pirie metal smelter.
The SA treasurer claims a foreign government is undermining the profitability of the struggling Port Pirie metal smelter.
The SA treasurer claims a foreign government is undermining the profitability of the struggling Port Pirie metal smelter.
Locals say the potential closure of the Port Pirie smelter and the loss of the 900 jobs associated with it would have ongoing effects on the city and the wider Spencer Gulf region.
Locals say the possible closure of the Port Pirie smelter and the loss of the 900 jobs associated with it would have ongoing effects on the city and the wider Spencer Gulf region.
South Australia's premier says there is a "national imperative" to keep smelters at Port Pirie and Hobart running, after a $135 million assistance package expired.
A $135 million dollar assistance package for Nyrstar smelters in Port Pirie and Hobart runs out today, leading to concerns about the future of more than 1,000 workers.
It was alleged Liberty Bell Bay's former owner, British billionaire Sanjeev Gupta's GFG Alliance, had failed to lodge financial returns for numerous years. The company then went into administration, and ASIC has dropped its legal case.
It was alleged Liberty Bell Bay's former owner, British billionaire Sanjeev Gupta's GFG Alliance, had failed to lodge financial returns for numerous years. The company then went into administration, and ASIC has dropped its legal case.
The NSW government remains committed to Tomago Aluminium but is still waiting to learn how much the bailout will cost.
Three weeks of wages have been guaranteed for Liberty Bell Bay smelter workers, but with no buyer locked in, questions remain about what happens next.
Three weeks of wages have been guaranteed for Liberty Bell Bay smelter workers, but with no buyer locked in, questions remain about what happens next.
A short-term rescue package announced by the Tasmanian and federal governments will guarantee the wages of workers at the troubled Liberty Bell Bay smelter.
With Australian and international bidders apparently eyeing off the troubled Liberty Bell Bay smelter, the workers and their families just want to know they'll have a job at the end of it all.
With Australian and international bidders apparently eyeing off the troubled Liberty Bell Bay smelter, the workers and their families just want to know they'll have a job at the end of it all.
