18
Sep
01:00
Australian steelworks project exits administration
Shareholders of Australia’s troubled steelworks project, Gladstone Steel – formerly Boulder Steel – have voted to take the company out of administration, a first step in what they hope will be the construction of a 5 million tonnes/year steelworks, according to local media. However, the project has a long way to go and even its supporters suggest its chance of success is around 75%.
Original plans were for a 2.5m t/y first phase to be compl…
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