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Arrium
Arrium was an Australian mining and materials company, employing nearly 10,000 workers before going into voluntary administration in 2016 with debts of more than $2 billion. In 2017 it was acquired by British-owned Liberty House Group.
The company was spun off from BHP 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 (31 mi) west of Whyalla.
The company subsequently expanded its businesses in mining, mining consumables, steel, and recycling.
In 2006, an agreement was announced under which OneSteel would buy out scrap metal company Smorgon Steel for US$1.2 billion. 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. The merger was completed in 2007.
In 2008, the company announced that one of the bar mills in the Hunter Valley and the mill in Melbourne would be closed.
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.
In 2011, OneSteel acquired the iron ore assets of WPG Resources for an estimated A$320 million. 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.
In 2012, OneSteel was renamed Arrium.
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Arrium
Arrium was an Australian mining and materials company, employing nearly 10,000 workers before going into voluntary administration in 2016 with debts of more than $2 billion. In 2017 it was acquired by British-owned Liberty House Group.
The company was spun off from BHP 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 (31 mi) west of Whyalla.
The company subsequently expanded its businesses in mining, mining consumables, steel, and recycling.
In 2006, an agreement was announced under which OneSteel would buy out scrap metal company Smorgon Steel for US$1.2 billion. 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. The merger was completed in 2007.
In 2008, the company announced that one of the bar mills in the Hunter Valley and the mill in Melbourne would be closed.
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.
In 2011, OneSteel acquired the iron ore assets of WPG Resources for an estimated A$320 million. 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.
In 2012, OneSteel was renamed Arrium.