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Just meaningless waffle from Roberts to make shareholders feel...

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VBeebles

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10/03/16

10:51

Post #: 17235661
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Originally posted by kozzy303 ↑

From the Arrium website
http://www.arrium.com/about-us/latest-news
Arrium responds to Federal Government expression of support

Arrium Limited Managing Director and CEO, Mr Andrew Roberts today welcomed Prime Minister, The Hon Malcolm Turnbull MP and Federal Member, Rowan Ramsey MP to the Whyalla Steelworks, to tour the site and discuss the challenges and opportunities facing the company’s Whyalla businesses.
Mr Roberts said: “The Prime Minister’s recognition of the key role Arrium plays in employment and growth in the region is encouraging, and we welcome today’s announcement that the timeline for the Adelaide to Tarcoola rail project work will be brought forward. The Whyalla Steelworks is ideally placed to supply the rail and sleeper requirements of this project and the additional volume will help to support the Steelworks.
“I discussed with the Prime Minister the uneconomic position of the Whyalla Steelworks at current steel prices, and that we need to change the way we do business to enable the Steelworks to be viable. This will require all our key stakeholders including employees, contractors, external partners and Government to pull together and deliver this change.
“We are looking to do everything possible to enable both our Steelworks and Mining businesses to be viable and sustainable.
“I am encouraged that the importance of having a viable Whyalla Steelworks is currently being discussed by the Prime Minister and Premier Weatherill, and we look forward to continuing to work with Government on opportunities that can deliver this outcome,” Mr Roberts said.

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Just meaningless waffle from Roberts to make shareholders feel warm in their boots. 'Let's all pull together.' My mind is sending me porno images that I can't describe here.

ARI Price at posting: 2.8¢ Sentiment: Sell Disclosure: Not Held
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