British billionaire Sanjeev Gupta has declared it is ‘business as usual’ at his Australian steel and coal operations, despite the looming possibility of creditors carving up his conglomerate GFC Alliance. Gupta’s business empire came under threat when its lender, Greensill Capital, collapsed leaving Swiss investment bank...
South32 has announced the sale of its entire stake in manganese alloy smelter Tasmanian Electro Metallurgical Company (TEMCO) to UK-based conglomerate GFG Alliance. The Australian diversified miner said on Thursday that GFG, owned by British conglomerate Sanjeev Gupta, will acquire 100% of the shares in TEMCO...
Billionaire UK industrialist Sanjeev Gupta has unveiled a US$1 billion renewable energy plan in South Australia, claiming that the 1GW project will lead to cheaper power across the state. Earlier this week Gupta revealed details of the large-scale renewables plan, that will be delivered via his...