Arrium

Y-yes, in the, in the twenty twenty-two election.

But he was talking about two thousand and sixteen and when Mr. Gupta was given the, uh, steelworks when the administration of Arrium occurred by the Australian banks, not by the state Labor government.

The state government had no role in that administration.

We weren't funding it, which is why it's completely different this time, which is why we've intervened.

Is everything that can be done being done? Are you confident that the Whyalla steelworks will, uh, live to fight another day?

A-absolutely I am, and I'll, I'll tell you why, Graham.

Because unlike last time when the administration was being conducted, what, what the, the administrators and the banks were trying to do is extract the most value in terms of a purchase price to pay down debt that had been mortgaged by Arrium.

What we're doing this time, which is very different, is we're attempting to an-uh, analyze the capability of the bidders.

The clouds of uncertainty have cleared and a new era has dawned on Whyalla.

Arrium has gone, and the city steelworks have been liberated.

He made all sorts of promises about how he would invest billions of dollars in improving the steelworks, modernizing it, expanding it, and then on renewable energy like solar farm and green hydrogen, and he kept on repeating these promises again and again and again.

Our, uh, uh, immediate, uh, short to medium term plans see us investing well over a billion, uh, dollars here.