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Sanjeev Gupta's coal mine expansion wins federal government tick
Thu, 07 Oct 2021 19:00:00 GMT
Sanjeev Gupta's GFG Alliance has won approval from the federal government for an expansion of the Tahmoor coal mine in NSW at a time when coal prices are soaring and it is still trying to finalise a refinancing of the mine and its stablemate, the Whyalla

153 pertes d'emplois chez Liberty Steel: le ministre Willy Borsus ...
Mon, 20 Sep 2021 00:00:00 GMT
La direction du groupe Liberty Steel a annonc, lundi, loccasion dun conseil dentreprise extraordinaire, quelle allait devoir se sparer de 153 travailleurs (sur un peu plus de 700) afin de sauver loutil sidrurgique et dviter la faillite. Ce volume de dsengagements nest cependant pasnon dfinitif, dans la mesure o les ngociations requises par

Credit Suisse and Sanjeev Gupta extend stillstand
Fri, 03 Sep 2021 09:20:00 GMT
A London court decided to hold a first hearing between Sanjeev Gupta and Credit Suisse in March, Bloomberg reported on Friday. This means it will take another six months before Credit Suisse can go after Gupta's business

Czech Liberty Ostrava sees steel product volume rising 47% in ...
Fri, 27 Aug 2021 00:00:00 GMT
Czech steelmaker Liberty Ostrava, part of GFG Alliance, said Aug. 26 it expects to increase 2021 production 47% year on year following a four-year high in steel product volume shipped in the second quarter. The company is in the process of increasing its production toward 2.5 million mt for the year, up from around

GFG settles Tata dispute, eyes UK production restart
Fri, 06 Aug 2021 00:00:00 GMT
GFG Alliance has reached an agreement in its legal dispute with Tata Steel, it tellsKallanish. The groups Liberty Steel UK (LSUK) unit is developing a business plan to allow it to resume production, which remains intermittent at the Rotherham plant. Tata Steel launched court proceedings earlier this year against Liberty Speciality Steels, Liberty House

Concerns deepen over fate of Gupta's speciality steel business
Mon, 02 Aug 2021 10:15:00 GMT
Concerns are growing over the future of Indian-born British businessman Sanjeev Gupta's speciality steel business, as customers abandon it and resources are squeezed. The business, which employs about 750 staff at plants in South Yorkshire

Gupta pays USD 25 million to end long-running spat with Rio Tinto
Fri, 30 Jul 2021 22:35:00 GMT
Sanjeev Gupta has paid USD 25 million to Rio Tinto Group to settle a long-running dispute over the final payment for an aluminum smelter he bought from the mining giant in

Hambro Leaves Sanjeev Gupta's GFG After Clash on Aluminum Deal
Mon, 26 Jul 2021 21:15:00 GMT
Jay Hambro, chief investment officer at Sanjeev Gupta's GFG Alliance, is leaving the group after falling out with his boss over the sale of its aluminum assets, according to people familiar with the

Sanjeev Gupta in Board Tussle as Spat for Aluminum Firm Heats ...
Tue, 20 Jul 2021 18:50:00 GMT
The board fight between industrialist Sanjeev Gupta and US private equity group American Industrial Partners is heating up. The executive, who was ousted from a Belgian aluminum plant unit earlier this month

Questions pile up for Gupta after 'deeply discourteous' inquiry ...
Wed, 14 Jul 2021 18:30:00 GMT
MPs on the parliamentary business committee have written to steel tycoon Sanjeev Gupta criticising his 'deeply discourteous' decision not to appear before an enquiry into embattled Liberty

Greensill Capital paid David Cameron salary of over $1 million ...
Mon, 12 Jul 2021 21:00:00 GMT
Collapsed finance group Greensill Capital paid a salary of more than $1 million a year to former British Prime Minister David Cameron, the Financial Times - reported on Monday, citing people familiar with the

Gupta inks $450m lifeline deal with Glencore and Trafigura to ...
Fri, 09 Jul 2021 19:00:00 GMT
Metals magnate Sanjeev Gupta's GFG Alliance has reportedly struck a loan deal with commodities giants Glencore and Trafigura to safeguard its aluminium division from looming

Number of GFG Alliance news reports: 12
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GFG Alliance is a collection of global businesses and investments. The organisation - headquartered in London, United Kingdom - is structured into three core industry brands: Liberty Steel Group, Alvance Aluminium Group and Simec Energy Group. Operations centre on the metals, mining and industrial energy sectors and in early 2021 the firm employed ~ 35,000 people across 30 countries.

In steelmaking, the company aims to increasingly recycle ferrous scrap using electric arc furnaces powered by renewable energy, adopting a so-called 'GREENSTEEL' business model.

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