Arrium

Arrium Limited
Company typePublic company
ASX: ARI
IndustryMining, Mining Consumables, Manufacturing, Recycling, and Distribution
FoundedSpun off on 23 October 2000 as OneSteel from BHP Billiton. The company then changed its name on 2 July 2012 to Arrium Limited.
FateAcquired by Liberty House Group in September 2017 and renamed Liberty OneSteel
HeadquartersSuncorp Place, Sydney, Australia
Number of locations
New Zealand, Indonesia, Chile, Mexico, USA, Canada, Peru
Key people
Jerry Maycock (Chairman, Non Exec. Director)
Productsiron ore, steel products
RevenueDecreaseA$6.085 billion (2015)[1]
Decrease (A$-1.9 billion) (2015)
Number of employees
~10,000[2]

Arrium was an Australian mining and materials company, employing nearly 10,000 workers,[3] that went into voluntary administration in 2016 with debts of more than $2 billion. In 2017 it was acquired by British-owned Liberty House Group.

History

Arrium and Onesteel iron ore exports from Whyalla (2007–2014)
Arrium and Onesteel iron ore exports from Whyalla (2007–2014)

The company was spun off from BHP[4] in 2000 as an almost entirely domestically focused steel manufacturer and distributor branded as OneSteel. Among its principal assets were the Whyalla Steelworks, Whyalla harbour and iron ore mining operations along the Middleback Range, about 50 km (30 mi) west of Whyalla. The company subsequently expanded its businesses in mining, mining consumables, and steel and recycling.

In 2012, OneSteel was renamed Arrium.[5]

Company acquisitions and sales

In 2006, an agreement was announced under which OneSteel would buy out scrap metal company Smorgon Steel for US$1.2 billion.[6] However, concerns by competition regulator, the Australian Competition & Consumer Commission (ACCC), delayed the process, as did concerns by construction industry trade unions about possible job losses.[7] The merger was completed in 2007.[8]

In 2008, the company announced that one of the bar mills in the Hunter Valley and the mill in Melbourne would be closed.[8]

In 2010, OneSteel acquired two companies, Chile-based forged steel grinding balls producer Moly-Cop, and Canada-based AltaSteel, a producer of ball stock for forged grinding balls, for a total of $932 million.[9]

In 2011, OneSteel acquired the iron ore assets of WPG Resources for an estimated A$320 million.[10]

In the same year, OneSteel sold its Piping Systems business and associated property investments to US-based McJunkin Red Man Holding for a total of $100 million.[11]

Financial difficulties and acquisition

The company, as Arrium Limited, accumulated huge debts and in 2015 it announced a full-year loss of AUD1.9 billion[12] In April 2016, Arrium's directors placed the company into voluntary administration.[13] Soon after that, to reduce Arrium's total debt of $2.8 billion, administrators signed a sale agreement for AUD1.6 billion to sell the Moly-Cop grinding media business – the company's only profitable division, which was not under administration.[14]

In September 2017, British-owned GFG Alliance acquired the Arrium Mining and Arrium Steel businesses, including Australia's main steel manufacturer and distributor, OneSteel.[15][16] The OneSteel brand was changed to Liberty OneSteel and Arrium Mining was renamed SIMEC Mining.[15] The acquisition also included the Australian reinforcing company, Austube Mills; the Australian rail stockist Emrails; and product brands such as Waratah and Cyclone.[15]

Whyalla iron ore export

In 2007, OneSteel commenced iron ore export from the port of Whyalla via transshipment. In October 2012, a new dual gauge railway balloon loop was commissioned at Whyalla with the purpose of increasing Arrium's iron ore export capacity to 12 million tonnes per annum.[17] Arrium's iron ore export volumes from Whyalla peaked at 12.5 million tonnes per annum in 2013–14 and 2014–15. In March 2015, Arrium's Southern Iron project, which includes the Peculiar Knob mine, was mothballed. Export volumes were expected to drop to between 9 and 10 million tonnes in 2015–16 and again to between 6 and 8 million tonnes from 2017.[18] In October 2015, the company announced that it was working with the South Australian government to facilitate third party use of the Whyalla harbour to make use of its excess capacity.[19]

Divisions

The company had three primary reporting segments before September 2017:

  • Arrium Mining,[20] which then exported about six million tonnes of hematite ore per year to China from its Middleback Range mines.[21]
  • Arrium Mining Consumables,[22] which included Moly-Cop grinding media, the largest supplier of grinding media (grinding balls and grinding rods) in the world, servicing the global mining industry, particularly the copper, gold and iron ore sectors. The business sold about 950,000  tonnes of grinding media per year in South America, North America and Australasia.
  • OneSteel Steel and Recycling[23] was a manufacturing, distribution and recycling businesses. The division manufactured long steel products, structural pipe and tube, and wire products in Australia; it distributed structural steel and reinforcing products in Australia through about 200 sites and supplied scrap metal to foundries, smelters and steel mills in Australia and internationally.

Notes

See also

References

  1. ^ Full year results arrium.com
  2. ^ "Building a Strong Future, Together" (PDF). Archived from the original (PDF) on 4 March 2016.
  3. ^ Medhora, Shalailah (8 April 2016). "Arrium and the future of the Australian steel industry – four key questions". The Guardian.
  4. ^ "Onesteel Limited OST – Profile and Status at InvestoGain". investogain.com.au.
  5. ^ "OneSteel officially becomes Arrium Ltd". Retrieved 22 August 2023.
  6. ^ "OneSteel buys Smorgon Steel for A$1.6bn". Financial Times.
  7. ^ "Union concerned over OneSteel, Smorgon merger". Australian Broadcasting Corporation. 23 August 2006. Archived from the original on 6 January 2008. Retrieved 19 November 2020.
  8. ^ a b [dead link‍]"OneSteel lays off 270 workers, unions howl". livenews.com.au. Archived from the original on 24 February 2008.
  9. ^ "Australian OneSteel acquires Chile, Canada producers for $932 mil". added acquisition. Platts. Archived from the original on 9 March 2012. Retrieved 16 November 2010.
  10. ^ "OneSteel Limited Completes Acquisition of WPG Resources Limited's Subsidiary Companies". Reuters.
  11. ^ "OneSteel shares jump on sale of Piping Systems". The Australian. 22 December 2011. Retrieved 27 March 2012.
  12. ^ "Arrium crashes to $1.9b loss on iron ore collapse". Australian Broadcasting Corporation. 19 August 2015.
  13. ^ "Arrium enters voluntary administration, Grant Thornton appointed". ABC News. 7 April 2016. Retrieved 7 April 2016.
  14. ^ "Arrium's MolyCop sold for $1.6 billion". SBS World News. 11 April 2016. Retrieved 19 November 2020.
  15. ^ a b c "GFG Alliance has completed the acquisition of the Arrium Mining and Steel businesses". Liberty OneSteel. 1 September 2017. Retrieved 17 September 2017.
  16. ^ Paul, Chrystan (21 March 2018). "Why Sanjeev Gupta may just be the world's most ambitious industrialist". Forbes.
  17. ^ Railexpress.com.au "Arrium calls for interstate track upgrade" Archived 3 December 2013 at the Wayback Machine (7 November 2012) Retrieved 25 November 2013.
  18. ^ Arrium Limited Annual Report 2015 (PDF). Arrium Ltd. 2015. p. 15.
  19. ^ "SA government to work with Arrium to turn Whyalla into a multi-user export port | www.engineersaustralia.org.au". Engineers Australia. Retrieved 30 January 2016.
  20. ^ "Arrium Mining". arrium.com.
  21. ^ Valerina Changarathil (23 January 2015). "Arrium to mothball Southern Iron operations that include Peculiar Knob mine in SA, flags $1.3bn writedown due to iron ore prices". The Advertiser. News Corp. Retrieved 30 January 2016.
  22. ^ "Arrium Mining Consumables". arrium.com.
  23. ^ "Welcome". onesteel.com.

Further reading

Read other articles:

Tulus (penyanyi)

Untuk kegunaan lain, lihat Tulus (disambiguasi). TulusTulus di Java Jazz Festival pada tahun 2020LahirMuhammad Tulus20 Agustus 1987 (umur 36)Bukittinggi, Sumatera Barat, IndonesiaAlmamaterUniversitas Katolik ParahyanganPekerjaanPenyanyi-penulis laguTahun aktif2011—sekarangKaryaDiskografipenampilanTinggi186 cm (6 ft 1 in)[1]PenghargaanDaftar penghargaanKarier musikGenrePopjazzsoulsophisti-popInstrumenVokalLabelTulusCompany Suara Tulus Pidato Tulus ketika mem...

 

 

Jalan Arab

Artikel ini sebatang kara, artinya tidak ada artikel lain yang memiliki pranala balik ke halaman ini.Bantulah menambah pranala ke artikel ini dari artikel yang berhubungan atau coba peralatan pencari pranala.Tag ini diberikan pada Oktober 2022. Halaman ini berisi artikel tentang istilah politik. Untuk jalan di Singapura, lihat Jalan Arab (Singapura). Jalan raya telah lama menjadi tempat utama untuk interaksi masyarakat di dunia Arab, yang berujung pada pemakaian kiasan jalan Arab untuk opini ...

 

 

Audi R8

Audi R8Audi R8 V10 Plus (Type 4S)InformasiProdusenAudi (Audi Sport GmbH)[1]Masa produksi2006–sekarangBodi & rangkaKelasMobil sport (S)Bentuk kerangka2-pintu coupé2-pintu convertible (spyder)Tata letakLongitudinal tengah Audi R8 adalah mobil sport mesin tengah, 2-kursi, yang menggunakan sistem penggerak all-wheel drive permanen quattro merek dagang Audi. Itu diperkenalkan oleh produsen mobil Jerman Audi AG pada tahun 2006. Mobil ini dirancang, dikembangkan, dan diproduksi s...

Harvest Moon (seri video game 2014)

Halaman ini berisi artikel tentang serial permainan video yang dimulai pada tahun 2014, yang bukan mengenai serial Story of Seasons yang sebelumnya diberi judul Harvest Moon antara tahun 1996 dan 2013. Harvest MoonBerkas:Harvest Moon Logo.pngLogo seri Harvest Moon.AliranSimulasi kehidupan Simulasi pertanian Bermain peran Teka-tekiPengembangAppci Corporation (2014–present)[a]PenerbitNA: Natsume Inc.EU: Numskull Games [1] (dahulu bernama Rising Star Games)PelantarAndroid, iOS,...

 

 

Oratorio di San Daniele

Oratorio di San DanieleStato Italia RegioneVeneto LocalitàBagnoli di Sopra Coordinate45°11′26.77″N 11°52′03″E / 45.190769°N 11.8675°E45.190769; 11.8675Coordinate: 45°11′26.77″N 11°52′03″E / 45.190769°N 11.8675°E45.190769; 11.8675 Religionecattolica di rito romano TitolareSan Daniele di Padova Diocesi Padova Modifica dati su Wikidata · Manuale L'oratorio di San Daniele è un edificio religioso ubicato a Bagnoletto, località d...

 

 

Koridor 4 Trans Metro Pasundan

Koridor 4 Trans Metro PasundanTerminal Leuwi Panjang—Terminal Dago4DSalah satu armada Koridor 4 Trans Metro Pasundan di Terminal Dago saat menjalani sebuah uji coba. Meskipun demikian, saat ini rute Koridor 4 tidak melayani Terminal Dago.Informasi umumJenis layananBus Rapid TransitDaerah operasiKota BandungMulai beroperasi25 Januari 2022Operator saat iniDAMRILintas pelayananStasiun awalTerminal Leuwi PanjangStasiun akhirTerminal Dago (tidak melayani sementara)Halte UNPAD DipatiukurJarak tem...

وسام النجم القطبي الملكي السويدي

وسام النجم القطبي الملكي السويديمعلومات عامةالبداية 1748 الاسم الأصل Nordstjärneorden (بالسويدية) سُمِّي باسم الجدي البلد السويد الرتبة الأعلى التالية نيشان السيف الرتبة الأدنى التالية Royal Order of Vasa (en) موقع التأسيس ستوكهولم لديه جزء أو أجزاء وسام النجم القطبي - قائد الصليب الأكبرOrder...

 

 

Pasar Klewer

Pasar KlewerGapura Pasar KlewerLokasiKota Surakarta, Jawa TengahAlamatJalan Dr. Radjiman Wedyadiningrat No. 5AKelurahan Gajahan, Kecamatan Pasar KliwonKota Surakarta, Jawa Tengah 57155Tanggal diresmikan9 Juni 1970 Pasar Klewer dilihat dari atas & sisi timur. Pasar Klewer (Jawa: ꦦꦱꦂ​ꦑ꧀ꦭꦺꦮꦺꦂ, translit. Pasar Klèwèr) adalah pasar tekstil terbesar di Kota Surakarta.[1] Pasar yang letaknya bersebelahan dengan Keraton Surakarta ini juga merupakan pusat p...

 

 

Community

Social unit which shares commonality For the TV series, see Community (TV series). For other uses, see Community (disambiguation). Community townhall A community of interest gathers at Stonehenge, England, for the summer solstice. Part of a series onCommunity Academic studies Social sciences Community studies Community practice Community psychology Social work Computational sociology Cultural anthropology Internet studies Philosophy of social science Rural sociology Social geography Social ph...

Dixy Chicken

British fast food chain For the restaurant and bar in College Station, Texas, see Dixie Chicken (bar). Dixy ChickenCompany typeWholly owned subsidiaryIndustryRestaurantsFounded1986; 38 years ago (1986)FounderMohammed Mo Chowdhury and Samuel Jackson (Meshoe)HeadquartersSolihull, EnglandNumber of locations150+ worldwideArea servedUnited Kingdom Pakistan India United States New Zealand Saudi Arabia Syria New Zealand Norway Brunei[1]Key peopleShakeel Arshad(Owner, chairm...

 

 

List of diplomatic missions in Syria

This is a list of diplomatic missions in the Syrian Arab Republic. Diplomatic missions in Syria   Syrian Arab Republic   Embassy   Consulate-General Diplomatic missions in Damascus Embassies  Abkhazia  Afghanistan  Algeria  Argentina[1]  Armenia[2]  Austria[3]  Bahrain  Belarus[4]  Brazil[5]  Bulgaria[6]  Chile[7]  China[8]  Cuba[9...

 

 

Snowboard

Questa voce o sezione sull'argomento sport invernali è priva o carente di note e riferimenti bibliografici puntuali. Sebbene vi siano una bibliografia e/o dei collegamenti esterni, manca la contestualizzazione delle fonti con note a piè di pagina o altri riferimenti precisi che indichino puntualmente la provenienza delle informazioni. Puoi migliorare questa voce citando le fonti più precisamente. Segui i suggerimenti del progetto di riferimento. SnowboardUno snowboarder mentre scende...

Collegio di Esher and Walton

Esher and Waltoncollegio elettoraleEsher and Walton nel Surrey Stato Regno Unito CapoluogoEsher, Walton-on-Thames Elezioni perCamera dei comuni Eletti1 deputato (Dominic Raab, Con, dal 2010) Tipologiauninominale Istituzione1997 Creato daEsher, Chertsey and Walton Manuale Esher and Walton è un collegio elettorale inglese situato nel Surrey rappresentato alla camera dei Comuni del parlamento del Regno Unito. Elegge un membro del parlamento con il sistema maggioritario a turno unico; ...

 

 

Новотитаровское сельское поселение

Сельское поселение России (МО 2-го уровня)Новотитаровское сельское поселение Флаг[d] Герб 45°14′09″ с. ш. 38°58′16″ в. д.HGЯO Страна  Россия Субъект РФ Краснодарский край Район Динской Включает 4 населённых пункта Адм. центр Новотитаровская Глава сельского пос�...

 

 

Державний комітет телебачення і радіомовлення України

Державний комітет телебачення і радіомовлення України (Держкомтелерадіо) Приміщення комітетуЗагальна інформаціяКраїна  УкраїнаДата створення 2003Керівне відомство Кабінет Міністрів УкраїниРічний бюджет 1 964 898 500 ₴[1]Голова Олег НаливайкоПідвідомчі ор...

1684 in Ireland

List of events ← 1683 1682 1681 1680 1679 1684 in Ireland → 1685 1686 1687 1688 1689 Centuries: 15th 16th 17th 18th 19th Decades: 1660s 1670s 1680s 1690s 1700s See also:Other events of 1684 List of years in Ireland Events from the year 1684 in Ireland. Incumbent Monarch: Charles II Events February 18 – Court of grace appointed to enquire into tithes on land.[1] March 25 – Royal Hospital Kilmainham is completed in Dublin as a home for retired soldiers, to the design of ...

 

 

Indonesian Financial Transaction Reports and Analysis Center

Government agency to counter money laundering Indonesian Financial Transaction Reports and Analysis CenterPusat Pelaporan dan Analisis Transaksi KeuanganAgency overviewFormed2002 (2002)JurisdictionGovernment of IndonesiaHeadquartersJalan Ir. Haji Juanda No.35, Kb. Klp., Gambir, Central Jakarta, Jakarta, IndonesiaWebsitewww.ppatk.go.id The Indonesian Financial Transaction Reports and Analysis Center or INTRAC (Indonesian: Pusat Pelaporan dan Analisis Transaksi Keuangan) or PPATK is a gove...

 

 

العلاقات المارشالية الجورجية

العلاقات المارشالية الجورجية جزر مارشال جورجيا   جزر مارشال   جورجيا تعديل مصدري - تعديل   العلاقات المارشالية الجورجية هي العلاقات الثنائية التي تجمع بين جزر مارشال وجورجيا.[1][2][3][4][5] مقارنة بين البلدين هذه مقارنة عامة ومرجعية للدولتين: و...

خط طول 6° شرق

يفتقر محتوى هذه المقالة إلى الاستشهاد بمصادر. فضلاً، ساهم في تطوير هذه المقالة من خلال إضافة مصادر موثوق بها. أي معلومات غير موثقة يمكن التشكيك بها وإزالتها. (ديسمبر 2018) 6° خط طول 6 شرق خريطة لجميع الإحداثيات من جوجل خريطة لجميع الإحداثيات من بينغ تصدير جميع الإحداثيات من كيه...

 

 

Anggur Marsala

Anggur Marsala Marsala adalah minuman anggur, baik asam atau manis, yang diproduksi di kota Marsala yang berada di Pulau Sisilia, Italia. Marsala menerima status DOC (standar label kualitas minuman anggur di Italia) pada tahun 1969.[1] Status dari DOC ini mirip dengan PDO (produk dengan perlindungan dari negara pembuat): sebagian besar negara membatasi penggunaan istilah Marsala pada anggur yang berasal dari daerah Marsala, karena telah diberikan status PDO yang resmi dikeluarkan oleh...