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  • ✈ Australia Commits $2.4B to Save Whyalla Steelworks, Securing Sovereign Steel Production

✈ Australia Commits $2.4B to Save Whyalla Steelworks, Securing Sovereign Steel Production

Author

Miko Santos
February 22, 2025

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👀 In today’s Positively Adelaide:

  • Australia Commits $2.4B to Save Whyalla Steelworks, Securing Sovereign Steel Production

Today’s reading time is 6 minutes. - Miko Santos

🌡️ ADELAIDE WEATHER

🗞️ WHAT YOU SHOULD KNOW


Australia Commits $2.4B to Save Whyalla Steelworks, Securing Sovereign Steel Production

Image: Peter Malinauskas FB page

In a landmark move that underscores the strategic importance of domestic steel manufacturing, the Albanese and Malinauskas governments have joined forces to inject $2.4 billion into saving the Whyalla Steelworks, marking one of Australia's most substantial industrial interventions in recent history. This decisive action aims to preserve not just a crucial industrial asset but also Australia's sovereign capability in steel production, a key national interest.

The Key Points:

  • The rescue package consists of three distinct components: $100 million allocated for immediate ground support, $384 million designated for stabilization during administration, and $1.9 billion earmarked for future investments and upgrades.

  • The Whyalla Steelworks, which accounts for 75% of Australian structural steel production, employs 1,100 workers directly and supports over 2,000 indirect jobs, making it one of only two domestic steelworks.

  • The intervention occurred after the South Australian Government placed the steelworks under administration and appointed KordaMentha to oversee operations.

  • A new Green Iron fund has been established with the purpose of boosting green iron manufacturing, allocating up to $500 million for the steelworks' long-term transformation.

Why It Matters: This intervention represents a crucial shift in Australia's industrial policy, emphasizing the importance of maintaining domestic manufacturing capabilities in strategic sectors. The rescue package not only preserves thousands of jobs in regional South Australia but also ensures Australia retains its ability to produce steel independently, which is vital for infrastructure, defense, and economic security.

Big Picture:

The Whyalla Steelworks rescue plan reflects a broader global trend of governments actively supporting critical industries in their transition to greener technology.

This intervention positions Australia to compete in the emerging green steel market while maintaining industrial sovereignty. The success or failure of this initiative could set a precedent for how governments approach the challenging balance between industrial preservation and environmental transition.

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🗞️ TL;DR
Major Stories

🚶 South Australia Jobs Surge: Employment Hits Record 971,900 as Unemployment Drops to 4.1%. South Australia has reached a historic employment milestone with 971,900 people now employed - the highest number ever recorded - while the unemployment rate has dropped to 4.1%, marking significant economic growth with over 73,000 new jobs created since the 2022 State Election.

🏘️ South Australian Tech Success MyVenue Expands Global HQ at Lot Fourteen After 537% Revenue Growth. Adelaide-based sports technology company MyVenue has established its new global headquarters at Lot Fourteen following extraordinary international growth, with its point-of-sale technology now powering transactions at 171 major venues worldwide, including NFL stadiums and the $2.3 billion MSG Sphere, demonstrating South Australia's emerging role as a global sports tech innovation hub.

🗞️ 60 Years of Medical Innovation: South Australia Celebrates First Australian Kidney Transplant Anniversary at Queen Elizabeth Hospital. South Australia's Queen Elizabeth Hospital is commemorating six decades of transplant innovation since performing Australia's first successful kidney transplant in 1965, a groundbreaking procedure that has evolved into a robust program delivering over 3,400 transplants across Adelaide's major hospitals, including 100 successful operations in 2024 alone, demonstrating the state's continued leadership in advanced medical procedures and organ transplantation techniques.

🐨 Adelaide Koala Hospital Faces Closure Amid 50-Day Dry Spell: Water Crisis Threatens Wildlife Care. Southern Koala and Echidna Rescue's operations face critical disruption due to South Australia's unprecedented 50-day dry period, forcing the volunteer-run facility to truck in emergency water supplies amid depleted reservoirs and highlighting the growing infrastructure challenges facing wildlife conservation efforts, with costs escalating as extreme weather conditions intensify demand for animal care services.

🎚️ NOTICEBOARD

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🈺 BUSINESS

Adelaide Secures Exclusive LIV Golf Rights Through 2031, Plans Major Public Course Transformation

irst place team champions Captain Cameron Smith of Ripper GC, Marc Leishman of Ripper GC, Lucas Herbert of Ripper GC and Matt Jones of Ripper GC pose for a photo after the final round of LIV Golf Adelaide at the Grange Golf Club on Sunday, April 28, 2024 in Adelaide, Australia. (Photo by LIV Golf)

In this partnership, South Australia has signed a long-term agreement with LIV Golf, making Adelaide the tournament's permanent Australian home until 2031. The deal includes a plan to redesign the historic North Adelaide Golf Course under golf legend Greg Norman's expertise. This unique partnership merges professional sports and entertainment, elevating a public golf course into a world-class facility catering to both professional players and local residents.

The Key Developments:

  • A comprehensive economic impact of $136 million generated for South Australia in just two years, with the 2024 tournament alone creating 79,000 visitor nights

  • Planned transformation of the North Adelaide Golf Course into a world-class public facility, designed by Greg Norman Golf Course Design, to cater to both professional players and local residents.

  • Exclusive rights secured until 2031, making Adelaide the sole Australian host city for LIV Golf

  • Adelaide's global broadcast reach extends to over 500 million viewers across 80 territories, solidifying its position as a premier international sporting destination

Why it matters: This partnership signifies more than a sporting event; it's a strategic investment in enhancing South Australia's global visibility and fostering economic growth. The tournament has proven its ability to attract significant interstate and international visitors, contributing substantially to the local economy while showcasing Adelaide to a worldwide audience.

Big Picture:

The deal signifies a shifting dynamic in professional golf, with cities like Adelaide positioning themselves as key players in the sport's evolving landscape. The redevelopment of the public course showcases a pioneering approach to legacy-building, establishing enduring infrastructure that meets the needs of both elite competition and the community. This model could influence how other cities approach major sporting partnerships, emphasizing long-term community benefits alongside international exposure.

📰 WHAT’S HAPPENING

📢 WHAT’S ON ADELAIDE

Adelaide Fringe | February 21 - March 31 | Various Locations | For more information, click here.

Prospect Fringe | February 21 - March 31 | Various Locations | For more information, click here.

Chilli Festival Willunga | February 22 and 23 | Gilles at the Grounds| For more information, click here.

Gilles at the Grounds | February 23 | Adelaide Showgrounds| For more information, click here.

Treasures of the Viking Age: The Galloway Hoard | February 8 to July 27 | South Australian Museum: North Terrace, Adelaide | For more information, click here.

FOREVER” Exhibition at MOD | until November 21st | North Terrace adjacent Morphett Street Bridge, Adelaide | For more information, click here.

Chihuly in the Botanic Garden | 27 September 2024 – 29 April 2025 | Adelaide Botanic Garden | For more information, click here.

Click the bottom above or email us at positivelyadelaide@readmencari.com If you have an event you’d like promoted.

🥘🍹FOOD & DRINK

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🥘RESTAURANT REVIEW
HOT POT X DIM SUM

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REVIEW

Hot Pot x Dim Sum has been a hotspot for Adelaide locals as the first hotpot train restaurant, where ingredients get delivered right to your table on a conveyor belt, to set up shop in the Dining Hub of Westfield Tea Tree Plaza. It is an innovative and interactive way to enjoy hot pot. Fresh ingredients whisk by on a conveyor belt to your table to choose the freshest meats, seafood, and vegetables to add to your bubbling pot of flavorful broth. For those who like their broth mild, super spicy, there is something for every taste, as the spice level goes to suit any palate.

Friendly and attentive staff add to the restaurant's fun atmosphere, making the experience even more enjoyable. Be prepared for a little wait until you get inside because recently the restaurant has opened and is very popular. This testifies to its popularity and buzz regarding this new dining spot, with glowing reviews praising its unique concept and delightful dining experience.

Yo! Hot Pot x Dim Sum also carries a line of dim sum dishes including the more conventional types like dumplings and buns to add varieties for those who need more than hot pot. This is quite an expensive experience, ideal for a group of friends looking for something more active when it comes to food, or families that want to spend some time together, enjoying a very unique concept in dining with great service-well worth the price by any measure. - Miko Santos

We want to hear about your favorite restaurant! Submit your recommendation today and help us all find the best places to eat.

If you've had an amazing meal at a restaurant and want to share the love, just click the button above! Or, if you're a foodie with a passion for writing, we'd love to have you as a guest food writer. Send your restaurant reviews and photos to the editor at [email protected]

ATTRACTION
Shark Cage Diving One Day Tour

Image: Southaustralia.com

Australia's first International Dark Sky Reserve lets you marvel at the night sky's ancient beauty.

The River Murray International Dark Sky Reserve, 90 minutes north-east of Adelaide in SA's Murraylands region, offers spectacular night sky viewing without light pollution over 3,200sqkm. The reserve is SA's best place to experience space for astronomers, astrophotographers, and nature lovers.

See the Milky Way in its full glory from the reserve's dark heart in the Swan Reach Conservation Park's clean bush. Come camp under the world's best night sky at one of their many family- and RV-friendly sites. Pack the telescope and enjoy uninterrupted space views from one of our many new viewing areas. Enjoy astrophotography with some of the most stunning scenery along the reserve's 80km stretch of the Murray River.

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