From AAP comes Mark Mentha:
“I’m quite overwhelmed with the support that we’re getting from the large corporate base and from the small suppliers that we have both here in South Australia and on the eastern seaboard,” Mr Mentha told reporters in Adelaide.
“We’ve had iconic companies like Lend Lease, Meriton, John Holland, express to us their support for their ongoing commitment to us as a business.
…”There are other parties interested in sharing the infrastructure … (and) there’s lots of efficiencies that are available in the Whyalla plant.”
The chief executive of Bluescope Steel, Paul O’Malley, had also offered advice about the action taken to save its Port Kembla steelworks in NSW.
Mr Mentha said Arrium’s financiers, including the big four banks, wanted to minimise the disruption caused by Arrium’s collapse in towns such as Whyalla.
Just so long as all participants, including management, take appropriate haircuts.
