{"id":178009,"date":"2025-02-20T14:51:56","date_gmt":"2025-02-20T04:51:56","guid":{"rendered":"https:\/\/www.vibewire.com.au\/?p=178009"},"modified":"2025-02-20T14:51:57","modified_gmt":"2025-02-20T04:51:57","slug":"albanese-and-malinauskus-governments-plunge-2-4-billion-into-whyalla-steelworks","status":"publish","type":"post","link":"https:\/\/www.vibewire.com.au\/?p=178009","title":{"rendered":"Albanese and Malinauskus governments plunge $2.4 billion into Whyalla Steelworks"},"content":{"rendered":"\n

The Albanese and Malinauskas governments have announced $2.4 billion in rescue funding to save the Whyalla Steelworks after the facility was forced into administration<\/a>.<\/p>\n\n\n\n

It comes after the steel mill was forced into administration by the South Australian government due to crippling debts and operational struggles.<\/p>\n\n\n\n

The Whyalla Steelworks had been beset with financial difficulties under its previous owner, British billionaire Sanjeev Gupta\u2019s GFG Alliance.<\/p>\n\n\n\n

The company owes tens of millions of dollars in unpaid royalties to the South Australian government and an additional $15 million to SA Water.<\/p>\n\n\n

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Prime Minister Anthony Albanese and South Australian Premier Peter Malinauskas have announced funding to rescue Whyalla Steelworks. Pictures: NCA NewsWire \/ David Mariuz, Dean Martin<\/p>\n\n\n\n

Prime Minister Anthony Albanese and South Australian Premier Peter Malinauskas, unveiled the massive rescue package at a press conference on Thursday.<\/p>\n\n\n\n

Liberal MP Zoe McKenzie defended the intervention, but argued the government should not be in the business of running steelworks.<\/p>\n\n\n\n

Mr Albanese did not rule out nationalising the plant if a buyer could not be found, but expressed confidence that someone would come forward.<\/p>\n\n\n\n

\u201cMy government is building Australia’s future and to do that, we need Whyalla steel,\u201d Mr Albanese told reporters.<\/p>\n\n\n\n

\u201cWhyalla steel has forged some of our country\u2019s biggest projects \u2013 rail lines, airports, and stadiums.<\/p>\n\n\n\n

Sky News<\/p>\n","protected":false},"excerpt":{"rendered":"

The Albanese and Malinauskas governments have announced $2.4 billion in rescue funding to save the Whyalla Steelworks after the facility was forced into administration.<\/p>\n","protected":false},"author":22,"featured_media":177066,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"footnotes":""},"categories":[15419,273,999,35,47],"tags":[265,9031,5982,15471],"class_list":["post-178009","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-aurizon","category-australia","category-australia-politics","category-breaking-news","category-rail-news","tag-adelaide","tag-anthony-albanese","tag-canberra","tag-peter-malinauskas"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t