Whyalla Steelworks Goes Into Administration Over Royalty Payment Issues 🚧

The South Australian Government has forced the embattled Whyalla steelworks into administration. The company owned by British billioniare Sanjeev Gupta has been in crisis and has been unable to pay tens of millions of dollars in royalty payments to the government and owes millions in unpaid bills to creditors. In an extraordinary move the SA Government rushed a bill through parliament taking the plant and its associated mines out of Mr Gupta's hands and into the management of administrators