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Another member of GFG Alliance, SIMEC Energy
Australia Pty Ltd, acquired a controlling stake in South Australian renewable energy and storage technologies company, ZEN Energy Pty Ltd, in 2017 and formed a joint venture named SIMEC Zen Energy. Sanjeev Gupta said his company was investing in
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600 million investment would lift production to 1.8 million tonnes a year. In 2018 the company announced it would build a new steel manufacturing plant next to the existing one. It would be capable of producing 10 million tonnes a year – making it the largest in the
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large-scale power projects to meet its own industrial requirements. Describing the high cost of energy for
Australian consumers as "a crying shame for a country so rich in resources", he said "it has been a priority for us to take decisive remedial steps."
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is a
British international energy and natural resources business focused on resources, sustainable power, infrastructure, and commodities trading. In 2016 it had an annual turnover of almost
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GFG Alliance has completed the acquisition of the Arrium Mining and Steel businesses ... the former Arrium Mining has been renamed SIMEC Mining and OneSteel re-branded as
Liberty OneSteel
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In 2013, SIMEC Group refocused itself – mainly on to sustainable power, mining and infrastructure. Among many developments since then, in 2017 it acquired
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in 1992. Both SIMEC Group and
Liberty House Group are independent companies within the GFG Alliance, of which Sanjeev Gupta became executive chairman.
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SIMEC Mining acquired mining leases in 2018 for the Iron Sultan and Iron
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for USD750 million. The mining assets of the former company included iron ore (
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British international energy and mineral resources group; part of GFG Alliance
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The group was founded in 1996 by
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Businesses at 200 locations; trading business in 60 countries
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592:. You can help Knowledge by
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405:. Bloomberg
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344:"About us"
273:References
126:Key people
403:Bloomberg
216:haematite
212:magnetite
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63:Shipping
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409:7 April
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379:. 2020
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Text is available under the Creative Commons Attribution-ShareAlike License. Additional terms may apply.
