PREMIER Jay Weatherill will this week meet with an international investor experienced in the steel industry, as the State Government scrambles to come up with a rescue plan for Whyalla.
Mr Weatherill on Monday led his first Cabinet since returning from a trade mission to China, where ministers were briefed in a lengthy meeting on the impact of Arrium’s collapse.
He said any State Government support for upgrades to Arrium’s mining and steelmaking operations would need to be matched with assistance from the Federal Government.
“We’re not interested in just a short-term bailout to kick the can down the road,” Mr Weatherill said.
“We do want to see a long-term sustainable future for Whyalla and these steelworks.
“We know the administrators have been approached by numerous businesses who are interested in investing in Whyalla as a stand-alone facility or as part of a broader group.
“I’ll be meeting with an international investor this week to talk about a substantial proposition about the future of Whyalla. There are positive prospects that are being advanced.”
Mr Weatherill declined to detail the proposals further, other than to say they were from businesses with experience in the industry.
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