SMH
·general
·2 hours ago
A coal billionaire and an Indian giant on shortlist to save Whyalla
Coal billionaire Matt Latimore and India's Jindal Steel advanced to the final shortlist for Australia's Whyalla steelworks on Wednesday. The two bidders beat out a BlueScope-led consortium that retains a right of last offer. Up to 1.9 billion dollars in government funding awaits the successful buyer to modernize the struggling mill, which employs around 3000 people.
Summary by Glance · SMH
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