IRON-ORE
The Australian government will provide a loan to collapsed South Australian company Arrium to support its iron-ore business and give its cash flow a boost.
Prime Minister Malcolm Turnbull on Friday confirmed that the Export Finance and Insurance Corporation would provide a A$49.2-million loan, which was first announced during his election campaign. The loan would be used for new machinery at the Iron Knob and Iron Baron mines, in South Australia.
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