SA Government shortlists two final bidders for Whyalla Steelworks sale
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The news: The Albanese and Malinauskas Governments have announced that the sale of Whyalla Steelworks has progressed to a shortlist of two bidders, as the process enters its final stage.
The context: This follows the South Australian Government’s decision to place the former owner, GFC Alliance, into administration last year. The Albanese and Malinauskas governments have committed up to $1.9 billion in funding to transform the site into a modern, low-emissions facility.
The sale process has remained highly competitive, with more than 70 parties expressing initial interest. While five domestic and international industrial groups advanced into the binding bid stage earlier this year, the field has now been narrowed to just two bidders.
Both governments stated they will continue to support workers and the local community as the Steelworks transitions to modern steelmaking under new ownership.
What they said: “We know this massive transition will not occur without some pain — but we must not lose sight of the opportunity to secure this crucial industry for our nation for the long term,” South Australia premier Peter Malinauskas said.
“This is a position we would have gladly taken when we put the Steelworks and associated mine operations into administration a little over a year ago,” he added.
The source: South Australian government press release
