Australia hints at saving steelworks endangered by Greensill collapse

Australia hints at saving steelworks endangered by Greensill collapse

The Guardian

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Fears for Whyalla mill and Tahmoor Coal as Credit Suisse calls in debts from owner, British magnate Sanjeev Gupta

The Australian government has raised the prospect of providing finance to save steelworks owned by the British entrepreneur Sanjeev Gupta, whose business empire is facing a multibillion-dollar debt crisis.

More than 1,000 jobs are directly at risk and more are likely to be lost if the Whyalla mill in South Australia, which powers the town’s economy, is closed down.

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