{"id":2577,"date":"2018-01-24T10:49:07","date_gmt":"2018-01-23T23:49:07","guid":{"rendered":"http:\/\/yinghuiinternational.com\/?p=2577"},"modified":"2018-01-24T10:49:07","modified_gmt":"2018-01-23T23:49:07","slug":"gupta-secures-sa-iron-ore-approvals-could-create-ev-hub","status":"publish","type":"post","link":"https:\/\/yinghuiinternational.com\/index.php\/2018\/01\/24\/gupta-secures-sa-iron-ore-approvals-could-create-ev-hub\/","title":{"rendered":"Gupta secures SA iron ore approvals, could create EV hub"},"content":{"rendered":"

Two new iron ore mine leases have been granted in South Australia, in a boost to the local Whyalla steelworks<\/span>. Sanjeev Gupta, the British industrialist and head of SIMEC Mining, has gained approval for two mines, Iron Sultan and Iron Warrior<\/span>, which between them will support 56 permanent workers and 130 contractors.<\/p>\n

Iron Sultan\u00a0will create hematite iron ore suitable for use in the creation of magnetite at the Whyalla Plant that will help to lower steel costs\u00a0for Gupta-owned GFG Alliance, while\u00a0Iron Warrior is expected to export up to 1.5 million tonnes (Mt) of iron ore per annum.<\/p>\n

Construction on both mines is expected to begin in early March. According to South Australia\u2019s Mineral Resources Minister Tom Koutsantonis, the approvals demonstrated \u201cthe commitment of the new owner to develop its South Australian iron ore assets and create a more sustainable steelmaking business\u201d.<\/p>\n

The leases are the latest signs of GFG Alliance\u2019s aggressive Australian expansion; earlier\u00a0this month<\/a>, SIMEC acquired the Tahoor mine in New South Wales from Glencore, and in\u00a0September last year<\/a>completed the purchase of Arrium Group of Companies from KordaMentha Restructuring as part of GFG\u2019s plans for vertical integration.<\/p>\n

Perhaps most notable is Gupta\u2019s recent interest in the Holden car plant in Elizabeth, SA, which closed down in October last year; the GFG head is a noted proponent of electric vehicle technology. Together, with GFG\u2019s other recent purchases,\u00a0the purchase of the plant could lead to the creation of a South Australian EV production hub.<\/p>\n

\u201cWe are incredibly excited and supportive of the GFG Alliance\u2019s bid and subsequent plans to ensure the continuation of our very proud history of automotive excellence and innovation in South Australia,\u201d said Koutsantonis in a letter last week regarding Gupta\u2019s potential purchase of the former GM Motors plant.<\/p>\n

\u201cWe believe that the GFG Alliance\u2019s plans would put South Australia at the forefront of the inevitable transition of the Australian market to electric vehicles and ask that all due consideration be given to their bid and the potentially significant benefits to the automotive industry and broader community in South Australia.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"

Two new iron ore mine leases have been granted in South Australia, in a boost to the local Whyalla steelworks. Sanjeev Gupta, the British industrialist and head of SIMEC Mining, has gained approval for two mines, Iron Sultan and Iron Warrior, which between them will support 56 permanent workers and 130 contractors. Iron Sultan\u00a0will create … Continue reading “Gupta secures SA iron ore approvals, could create EV hub”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[5,6],"tags":[],"class_list":["post-2577","post","type-post","status-publish","format-standard","hentry","category-iron-and-steel-industry","category-mines-and-quarry"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p83F9T-Fz","jetpack-related-posts":[{"id":1334,"url":"https:\/\/yinghuiinternational.com\/index.php\/2016\/04\/08\/arrium-enters-voluntary-administration\/","url_meta":{"origin":2577,"position":0},"title":"Arrium enters voluntary administration","author":"yinghui","date":"April 8, 2016","format":false,"excerpt":"Steel and iron ore business Arrium announced this morning that it has appointed Grant Thornton as administrators. \u201cAfter considering the available alternatives, in the current circumstances it has become clear to the board of Arrium that it has, unfortunately, been left with no option than to place the relevant companies\u2026","rel":"","context":"In "Iron and Steel Industry"","block_context":{"text":"Iron and Steel Industry","link":"https:\/\/yinghuiinternational.com\/index.php\/category\/iron-and-steel-industry\/"},"img":{"alt_text":"arrium1-300x270","src":"https:\/\/i0.wp.com\/www.bnmme.com.au\/wp-content\/uploads\/2016\/04\/arrium1-300x270.jpg?resize=350%2C200","width":350,"height":200},"classes":[]},{"id":2286,"url":"https:\/\/yinghuiinternational.com\/index.php\/2017\/03\/24\/bgc-wins-720-million-contract-for-arriums-sa-iron-ore-projects\/","url_meta":{"origin":2577,"position":1},"title":"BGC wins $720 million contract for Arrium\u2019s SA iron ore projects","author":"yinghui","date":"March 24, 2017","format":false,"excerpt":"BGC Contracting has secured a five-year contract worth more than $720 million for Arrium\u2019s Iron Knob and South Middleback Ranges iron ore projects near Whyalla in South Australia. Arrium administrators KordaMentha confirmed that BGC\u2019s current mining contract, which was to be completed this year, will instead be replaced by this\u2026","rel":"","context":"In "Mines and Quarry"","block_context":{"text":"Mines and Quarry","link":"https:\/\/yinghuiinternational.com\/index.php\/category\/mines-and-quarry\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":3209,"url":"https:\/\/yinghuiinternational.com\/index.php\/2019\/01\/08\/massive-steel-plant-plans-for-sa\/","url_meta":{"origin":2577,"position":2},"title":"Massive steel plant plans for SA","author":"yinghui","date":"January 8, 2019","format":false,"excerpt":"INSIDE CONSTRUCTIONJanuary 8, 2019, 9:28 am\u00a0150 CFG Alliance is planning to construct a steel plant in Whyalla, South Australia, which will be the largest in the western world, according to company chairman Sanjeev Gupta. 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