South Australian-based steelmaker and iron ore miner Arrium has been placed in voluntary administration by its directors.
Key points:
Administrators from Grant Thornton will assume control of Arrium’s day-to-day operations immediately, while working with lenders, staff, suppliers and government to review its business model.
Arrium has around 6,700 employees, with 1,600 in South Australia, 2,800 in New South Wales, 930 in Victoria, 900 in Queensland, 350 in…
Read the full article at: http://www.abc.net.au/news/2016-04-07/arrium-enters-voluntary-administration/7306340