Whyalla loans

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GFG Alliance said on Wednesday that Liberty Primary Metals Australia LPMA , which includes a mining and steel business in Whyalla and a coalmine at Tahmoor, had agreed a deal to refinance loans previously extended by Greensill, the financial firm that collapsed into administration in March. It also said it would consider selling some parts of the business. GFG, which employs about 35, people in metals companies stretching from Australia to the UK, said it could take up to four weeks for the deal to complete.

If finalised, the agreement would represent a significant boost for Gupta, who has been scrambling to find new backers since the Greensill collapse. The new hires included former executives at oil, coal and steel companies. The group of companies has also said that applications for various loans under coronavirus emergency schemes were lawful. Whyalla News' trusted source for property. Home News National. This compares with the serviceability buffer of 2. The council flagged after a meeting last month that APRA would be taking action before long.