May 22, 2018 Last Updated 7:58 AM, May 18, 2018

New Entry From the Editor :

Australian lithium miner secures three-year supply deal with Tesla

Australian lithium miner secur…

AusBN - Tesla has entered a three-year lithium supply deal with Australian ...

Nearly half of Australia’s big businesses shifting to renewables

Nearly half of Australia’s big…

AusBN - A new report by the Climate Council has found that 46% of Australia...

Australia to introduce blockchain technology for international trade management

Australia to introduce blockch…

AusBN - Australia’s Department of Home Affairs (DHA) is considering a...

BlueScope to keep Kembla steelworks open

steel rodsAusBN – Bluescope Steel has announced that it will continue steelmaking operations at Port Kembla in Illawarra, New South Wales, after a campaign was launched to cut production costs.

Keeping the steelworks open will save as many as 5,000 local jobs.

The rescue was made possible thanks to employees, unions and the state government making commitments to help bring down production costs while the steel market is weak.

These commitments include $60 million in deferred payroll tax payments from the New South Wales government until 2020, after which they’ll have to be paid in full over the following 10 years.

Bluescope CEO Paul O’Malley thanked the government and the other parties involved in the campaign for saving the steelworks from closure.

He said: “Above all, I acknowledge the real unsung heroes who have secured a future for the steekworks – the Port Kembla management teams who developed the game-changing plan, which we are implementing today.

“Every single worker in the Illawarra should be extremely proud of their combined effort.”

@AusBNonline

This Month's Issue

v3i2 cover web

Subscribe

rgn web banner

abn web banner