South Australian steelworks’ future in limbo with government royalties going unpaid [Video]

South Australia’s premier has reassured workers in Whyalla that contingency plans are in place to prevent the collapse of the city’s steelworks.

But questions remain over when operator GFG Alliance will repay all of its debt, including to the state’s taxpayers. 

Concerns have been mounting over the financial stability of GFG Alliance. It is facing difficulties globally, and the steelworks’ blast furnace is currently offline for the second time this year.

“We understand GFG is trying to maintain its financial position, but it shouldn’t be at the expense of the operations of the plant, particularly the safety of it,” Premier Peter Malinauskas said.

South Australia’s cabinet held a crisis meeting today, and state and federal governments have been developing …