https://www.miningweekly.com
Aluminium|Energy|Industrial|Manufacturing|Renewable Energy|Renewable-Energy|Resources|Steel|supply-chain|Sustainable|Manufacturing
Aluminium|Energy|Industrial|Manufacturing|Renewable Energy|Renewable-Energy|Resources|Steel|supply-chain|Sustainable|Manufacturing
aluminium|energy|industrial|manufacturing|renewable-energy|renewable-energy-company|resources|steel|supply chain|sustainable|manufacturing-industry-term

Temco sale settles

5th January 2021

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

     

Font size: - +

PERTH (miningweekly.com) - Sanjeev Gupta’s GFG Alliance has completed the purchase of the hydro energy-powered Tasmanian Electro Metallurgical Company (Temco) smelter in Tasmania, from diversified miners South32 and Anglo American.

Gupta said this week that the acquisition not only secured the jobs of the smelter’s 250 workers but would also play a key role in enhancing subsidiary LIBERTY Steel Group’s drive to be self-sufficient in the supply chain.

“When we entered into the agreement in August, I flagged that our investment in key inputs such as ferromanganese and silicomanganese would generate supply chain value to ensure a sustainable and globally competitive steel manufacturing sector,” Gupta said.

“This acquisition is an upstream integration for Whyalla and all our steel plants globally.

“The Bell Bay precinct and nearby George Town is a long-standing industrial community with a proud heritage, and we are committed to seeing this facility continue to play an important role in the future of the Australian steel industry.”

The Temco facility, which is powered by Hydro Tasmania, has four submerged arc furnaces, including a sinter plant, and has the capacity to produce around 150 000 t/y of high carbon ferromanganese and 120 000 t/y of silicomanganese used in the production of steel.

“GFG Alliance already produces the lowest carbon aluminium in the world in both the UK and France and I’m proud to add one of the world’s greenest Ferro alloy producers to our portfolio,” Gupta said.

“Our goal is to be carbon neutral by 2030 and I am proud to invest in a state like Tasmania, which has a plentiful supply of renewable energy resources.”

Tasmanian Premier Peter Gutwein has welcomed the finalisation of the sales process, saying it would not only secure the jobs of the 250 staff at the smelter, but also sent a clear vote of confidence for investment in the state.

“Tasmania has what the world wants in clean, renewable energy and the purchase of the site will help GFG Alliance achieve their goal to be carbon-neutral by 2030.

“With Tasmania now 100% self-sufficient in renewable energy, it will also help us reach our target to double our renewable generation to 200% of our current needs by 2040.

“Our ability to produce clean, green energy in spades sets us apart from the rest of the world and is giving businesses the confidence they need to invest in our state,” said Gutwein.

Edited by Creamer Media Reporter

Comments

Showroom

Condra Cranes
Condra Cranes

ISO-certified Condra manufactures overhead cranes, portal cranes, cantilever cranes and crane components: hoists, drives, end-carriages, brakes and...

VISIT SHOWROOM 
Werner South Africa Pumps & Equipment (PTY) LTD
Werner South Africa Pumps & Equipment (PTY) LTD

For over 30 years, Werner South Africa Pumps & Equipment (PTY) LTD has been designing, manufacturing, supplying and maintaining specialist...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Hyphen, Eva mine, ferrochrome price make headlines
Hyphen, Eva mine, ferrochrome price make headlines
27th March 2024
Resources Watch
Resources Watch
27th March 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.103 0.136s - 90pq - 2rq
Subscribe Now