Some commentary regarding Gupta & his plans in The Guardian:...

Some commentary regarding Gupta & his plans in The Guardian:

https://www.theguardian.com/environ...-power-is-no-longer-cheaper-and-well-prove-it

From the article:

"Beyond his existing commitments, Gupta is planning an electric car plant in South Australia or Victoria to produce 30,000 vehicles a year – “It’s 100% proceeding but the exact location is still being debated” – and said a proposed copper smelter and refinery for South Australia was at feasibility stage. His Australian steel assets picked up in the Arrium sale also include smaller works in Sydney and Melbourne and a planned new mill in Brisbane. He said all three would produce only recycled steel.

He said the Upper Spencer Gulf was the ideal place to invest as it had access to minerals, one of the best solar load factors in the world, existing electricity transmission infrastructure, a port that could potentially be expanded, what could become an international airport and room for its regional cities to grow. “It’s all there already, waiting to be exploited,” he said."

Looks like he's got big plans, but the reference to recycled steel is interesting considering the interest in HAV's iron ore assets.