Nyrstar to make $42 million payment towards Port Pirie smelter loan

Nyrstar, after discussions with its largest shareholder Trafigura – the global commodity trading company which has entered into a conditional restructuring arrangement that may lead to it becoming the majority owner of the Port Pirie smelter – has formally advised the State Government it will make a $42.3 million payment this month.  The commitment follows a meeting in Adelaide today…

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Statement regarding Nyrstar ownership

One of the world’s largest independent commodity trading companies, Trafigura Group Pte Ltd, has advised that it has entered into an agreement and has committed to interim funding arrangements of US$250 million as part of a process to secure a restructuring deal with Nyrstar’s financiers. The agreements are an important step towards the successful completion of the restructuring, which would…

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Modernising road maintenance

The Marshall Government will be extending its 20-year partnership with industry to modernise South Australia’s approach to maintaining our road network as announced in last year’s State Budget.  Currently, about 60 per cent of the annual road maintenance budget is delivered by industry through external contracts.  The State Government will soon release a tender for the maintenance of the…

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Shorten short-changes South Australia

 The State Government has called on the Shorten Labor Opposition to commit to the full $126 million budgeted by the Federal Coalition over the forward estimates towards completion of the North-South Corridor, with the ALP short-changing South Australia by $31 million.  Treasurer Rob Lucas also accused both Mr Shorten and State Labor Leader Peter Malinauskas of completely backing away from…

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Marshall Government welcomes 2019-20 Federal Budget

The Marshall Government has welcomed the 2019-20 Federal Budget as a ‘major investment in South Australia’s economic future’, with a raft of key infrastructure projects, regional roads upgrades and tax cuts to lower costs and create local jobs.  Treasurer Rob Lucas welcomed personal income tax cuts for low-and-middle income earners, small business tax incentives and…

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Drug cheat Lance Armstrong paid $1.5 million in secret Labor TDU deal – that’s a whole lot of lycra

The State Government can finally reveal disgraced drug cheat Lance Armstrong was paid $1.5 million by the former Labor government to race in the 2009 Tour Down Under – the first of three lucrative TDU contracts kept hidden from the SA public for ten years. Details of Armstrong’s contract – which also included two first-class return airfares, hotel accommodation and…

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GOVERNMENT APPROVALS TO PERMIT MINERAL EXPLORATION AT LAKE GAIRDNER

South Australian Government approvals to permit mineral exploration at Lake Gairdner in South Australia’s north have been finalised. In July 2017, the former Government granted approval under the Mining Act for an exploration program proposed by Cartwheel Minerals Pty Ltd (Cartwheel) and Mr Rudy AM Gomez (Mr Gomez). However, at the time of the last election, a second approval…

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Mineral exploration approved at Lake Gairdner

The State Government has finalised approvals to permit mineral exploration at Lake Gairdner, situated 150km north-west of Port Augusta in South Australia’s Gawler Ranges. Treasurer Rob Lucas said the process for the approvals – granted under the Aboriginal Heritage Act and which have the expressed support of local native title holders – began under the former Labor government. In July…

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Easter Monday retail trade approved for the suburbs as SA joins rest of the nation

In a South Australian first, the Marshall Liberal Government has announced it will give all retailers in suburban Adelaide the opportunity to trade on Easter Monday. Treasurer Rob Lucas made the decision to grant the special exemption under the Shop Trading Hours Act 1977 in response to considerable demand and support from South Australian consumers and retailers for greater freedom…

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Shop trading exemption granted in Millicent for Easter Saturday and Geltwood Festival Market Day

Millicent retailers will be able to trade on Easter Saturday and Geltwood Festival Market Day next month to capitalise on an influx of visitors and tourists to the region after the State Government granted special exemption under existing shop trading laws. Treasurer Rob Lucas granted the exemption to the Millicent Proclaimed Shopping District under the Shop Trading Hours Act…

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