SOUTH AUSTRALIA BLACKOUT
Australian steel and iron-ore producer Arrium may face costs of as much as A$40-million following storms that caused blackouts and forced BHP Billiton to halt its Olympic Dam copper operation.
Arrium’s steelworks in the south-coast town of Whyalla and the mining of iron-ore to feed the mill have been halted since the power failure on September 28. Arrium, which went into administration in April, faces costs of about A$4-million a day, with operations potentially not being restored for as many as 10 days, a spokesman for administrators KordaMentha said Sunday.
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