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Arrium Ltd (ARI.AX)

ARI.AX on Australia Stock Exchange

5 Apr 2016
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Latest Key Developments (Source: Significant Developments)

Kordamentha updates on recapitalisation for the Arrium group of companies
Monday, 4 Jul 2016 01:31am EDT 

Kordamentha : proposing dual track process for Moly-Cop, involving a trade sale or an initial public offering . Korda proposes sale/recapitalisation of Arrium Australia's steelworks, port and mining operations at whyalla, with manufacturing, distribution and recycling businesses. . anticipated that the marketing program for the sale/recapitalisation processes will commence in mid to late July 2016 . also received significant interest in the Arrium Australia businesses, with enquiries from parties including global steel companies . "progress is being made to reduce the cost base of the mining and steel operations at whyalla" . "targeting total annualised cost savings since the commencement of initiatives in October 2015 of approximately $300 million" .  Full Article

Kordamentha updates on Arrium recapitalisation process
Monday, 23 May 2016 07:21pm EDT 

Kordamentha: Update on the recapitalisation/sale process .Kordamentha - says is anticipated that Arrium recapitalisation / sale process will commence in late July 2016 and be largely completed by end of 2016.  Full Article

Arrium Ltd says roles of CEO and chief executive strategy redundant
Friday, 6 May 2016 03:03am EDT 

Arrium Ltd : Executive changes . Says roles of chief executive officer and chief executive strategy redundant; Andrew Roberts and Naomi James have left the organisation .  Full Article

Arrium says CFO Robert Bakewell has resigned
Tuesday, 5 Apr 2016 09:34pm EDT 

Arrium Ltd:Says Anthony Brooks has been appointed interim chief financial officer.Says chief financial officer, Robert Bakewell has resigned from company.  Full Article

Arrium says Chief Executive Steel, Steve Hamer, will be leaving the company
Wednesday, 2 Dec 2015 08:40pm EST 

Arrium Ltd:Says chief executive steel, Steve Hamer, will be leaving the company effective 11 January 2016.  Full Article

Arrium Limited announces completion of wire ropes business sale
Monday, 2 Mar 2015 03:00am EST 

Arrium Limited:Says that it had entered into an agreement for the sale of its Wire Ropes business to Bekaert, a Belgium based company for A$90 million.  Full Article

Arrium Limited does not declare interim dividend
Tuesday, 17 Feb 2015 08:53pm EST 

Arrium Limited:Announces that no interim dividend has been declared for the half year ended Dec. 31.  Full Article

Arrium Limited announces sale of wire ropes business
Thursday, 5 Feb 2015 03:30pm EST 

Arrium Limited:Announced that it has entered into an agreement for the sale of its Wire Ropes business to Bekaert, a Belgium based company for A$90 million.  Full Article


Blackout, price risks loom as wind power prevails in South Australia

MELBOURNE Rapid growth in wind and solar power in South Australia is raising the specter of blackouts and soaring prices for businesses like global miner BHP Billiton as cheaper renewables have pushed traditional thermal power plants to close.