DOCSLIB.ORG

Arrium Steel Is an Integrated Operation With

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Arrium Steel Is an Integrated Operation With For personal use only www.arrium.com Annual Report 2014 Arrium Limited is an international diversified mining and materials company with three business segments: Arrium Mining, Arrium Mining Consumables and Arrium Steel Geoff Eri Principal Mining Engineer, Arrium Mining South Middleback Ranges (SMR), South Australia, Australia As the Principal Mining Engineer for SMR, Geoff is responsible for ensuring high standards are set in the engineering functions of contract management, mine survey and mine planning. Geoff is also a mentor for up and coming mining engineers and surveyors. He has visibility across Arrium mine sites to ensure that mine planning functions are consistent across all operations and use state of the art functionality and best practices. Arrium Limited Contents Arrium Mining includes the company’s Arrium Steel includes both the Steel 2 About Arrium Annual General Meeting At Arrium it’s our people who export iron ore business which and Recycling businesses. The Steel 6 Chairman’s Review Arrium’s 2014 Annual General Meeting will make the difference. Across our achieved sales of 12.5 million tonnes business is Australia’s only manufacturer 8 Managing Director’s Review be held on Monday, 17 November 2014, at of hematite ore for the 2014 financial of steel long products with steel-making Sheraton on the Park, 161 Elizabeth Street, 224 sites around the world, they 10 Operating and Financial Review year. Arrium has mining operations at capacity of approximately 2.5 million Sydney NSW 2000, commencing at drive our strategy, deliver on our the Middleback Ranges and Southern tonnes per annum. It is also Australia’s 10 Financial Overview 2.30pm AEDT. Iron region in South Australia, as well leading steel distributor and reinforcing 12 Segment Overview promises and embody our core as a wholly-owned port at Whyalla, steel supplier. The Recycling business 14 Key Business Drivers Arrium Limited values. As individuals and teams South Australia with a current capacity has operations focused on the southern 16 Strategic Framework and Scorecard ABN 63 004 410 833 they seek out challenges and are of approximately 13 million tonnes per and east coasts of Australia, as well 18 Arrium Mining Arrium listed on the Australian Securities proud of the roles they play in annum. In addition to the export iron ore as non-ferrous operations in Asia. 22 Arrium Mining Consumables Exchange (ASX) on 23 October 2000 business, Arrium Mining also supplies (ASX:ARI). building stronger communities. 26 Arrium Steel (Steel and Recycling) iron ore to the company’s integrated steelworks at Whyalla. 32 Risk Management 34 Reconciliations Arrium Mining Consumables supplies resource companies with a 35 Sustainability range of key mining consumables, 42 Executive Management including grinding media, wire ropes 44 Board of Directors and rail wheels. Through its Moly-Cop 46 Corporate Governance Statement For personal use only brand, it is the largest supplier of 48 Financial Report grinding media in the world with leading 128 Shareholder Information market positions in North America, 130 Statistical Summary South America and Australasia. 131 Ore Reserves & Resources Statement 134 Glossary 135 Abbreviations 137 Corporate Directory ARRIUM LIMITED ANNUAL REPORT 2014 1 Middleback Ranges Moly-Cop Steel Southern Iron AltaSteel Recycling Whyalla Port About Arrium Milestones 2014 Financial Year July August September • Commencement • 2013 Safety • FY13 results • Announced sale of Andrew Roberts Excellence Awards announcement of Aluminium as new MD and • Non-integrated • Completed Lima, business to CAA CEO Merchandising Peru grinding • Official opening of businesses and US media expansion 2013 expanded Whyalla Recycling business Middleback Ranges Moly-Cop Steel port and Southern held for sale Iron operations Southern Iron AltaSteel Recycling Whyalla Port October November December FY14 performance summary • Announced sale • 2013 Annual • First blast in the • Opening of Moly-Cop 1 of sheet and coil General Meeting Iron Knob Mining Ropes Raptek Performance highlights distribution assets • Indigenous Land Area in 15 years manufacturing – Sales revenue $7,007 million, – Underlying EPS 21.8 cents, – Strong cash generation to BSL Use Agreements facility, Newcastle up 2% pcp up 79% pcp - Statutory operating cash flow (ILUA) signed – Record underlying EBITDA – $407 million reduction in net debt $679 million • Completion $864 million, up 38% pcp and leverage ratio substantially of Magnetite - Proceeds from divestments Expansion Project – Underlying NPAT $296 million, improved to 2 times $240 million up 83% pcp Progress on strategic initiatives Arrium Mining2 – expanded Arrium Mining Consumables – Arrium Steel – cost and January/February March/April May June business and Whyalla Port continued strong earnings operational improvements performing well and cash achieved • 1H14 results • Largest iron • Record cape • Successfully announcement ore cape loading rate at refinanced – Record and above target hematite – Continued strong demand for grinding – Steel and Recycling business vessel loaded for Whyalla Port for US$994 million export sales 12.5 Mt, up 51% pcp media in North and South America EBITDA and cash positive Arrium Mining Arrium Mining debt facilities – Record EBITDA $686 million, – Maintained stable grinding – Continued to lower cost base 201,000 wmt • Commenced up 86% pcp media margins - includes ~$30 million cost 2014 commissioning of – Completed $86 million magnetite – Strong customer support for next synergies from single steel business Cilegon, Indonesia project on time and on budget generation SAG ball – Further cost and operational grinding media expansion – Expansions in Lima, Peru and improvements in Recycling Cilegon, Indonesia completed on – Divestments time and on budget – Expansion in Kamloops, Canada tracking to plan Investment merits Arrium Mining Arrium Mining Consumables Arrium Steel – ~13 Mtpa iron ore producer with – Grinding media – Leading market positions in own infrastructure - Global leader (Moly-Cop) Australia - Expect to be at ~13 Mtpa - Strong earnings and cash - #1 in general Australian steel hematite sales rate in Q1 FY15 generation distribution - Port owned and operated by - Stable margins - #1 in Australian reinforcing Arrium – Port capacity ~13 Mtpa - Strong demand growth profile - #1 in Australian wire – Good basis for sales longevity - Positioned in key growth and - #2 in Australian recycling – Operational flexibility to maximise low cost regions – Difficult external environment earnings and cash through varying - Sustainable competitive but substantial cost grade, volume and cost advantage reductions and operational – Ferrous and non-ferrous exploration improvements achieved – Mine ropes – global leader in For personal use only dragline ropes – Well positioned to benefit from – Rail wheels – #1 in Australia increased construction activity, particularly infrastructure 1. Results for the Financial Year 2014, ended 30 June 2014. These should be read in light of ASX announcements made by the company since that date. Unless otherwise stated, certain financial measures referred to in this Annual Report, including underlying results and ratios based on underlying results, are non-statutory financial measures, which have not been audited or reviewed as part of KPMG’s report on the 2014 Financial Report. However, KPMG has undertaken a set of procedures to agree the financial information in this Annual Report to underlying information supplied by the company. The Directors believe that using these non-financial measures appropriately represent the financial performance of the Group’s total operations including continuing and discontinued operations. Details of the reconciliation of non-statutory to statutory results can be found on page 34 of this Annual Report. 2. Segment results referred to throughout this Annual Report are those reported in the 2014 Financial Report. They are equivalent to segment underlying results. For a reconciliation of consolidated results, refer to page 34 of this Annual Report. 2 ARRIUM LIMITED ANNUAL REPORT 2014 ARRIUM LIMITED ANNUAL REPORT 2014 3 Where we do business In addition to our Australian operations, Arrium operates 15 key facilities overseas, with Australia the majority of these Mining Consumables and Recycling sites in North America, South America and Asia. x Darwin Asia North and South America x Broome x Cairns Townsville x Port Hedland x x Karratha Mount Isa x x Mackay Emerald x x Rockhampton Edmonton x Gladstone x Bundaberg Kamloops Sunshine Coast x China Ipswich Hong Kong Kansas City Brisbane Toowoomba x x x Geraldton Meycauayan x Kalgoorlie Carmona x Moora x Gold Coast Philippines x Merredin Peculiar Knob Lismore x Thailand Perth x x Northham x Coffs Harbour Tamworth x x Port Macquarie Dubbo x x Taree Guadalajara Whyalla xx Port Hexham Adelaide Parkes x Mandurah x x Wagin x Mildura x Newcastle Malaysia Albany x Port Lincoln x Orange x x Gosford Bunbury x Adelaide Wetherill Park x Sydney x Wagga x Wollongong x Shepparton x Canberra Bendigo x Albury x Mt Gambier x Melbourne Indonesia x Cilegon x x Morewell x Geelong Lima Devonport x x Arequipa Launceston Mejillones Hobart Santiago Talcahuano For personal use only Key Iron Ore Mine Sites x Key Steel Sites Key Mining Consumables Sites Key Recycling Sites 4 ARRIUM LIMITED ANNUAL REPORT 2014 ARRIUM LIMITED ANNUAL REPORT 2014 5 Chairman’s Review Peter Smedley Chairman I am pleased to report that Arrium saw us established as the global leader the strengths of
Load more

Recommended publications
  • Mining in South Australia the AUSTLIAN MINING REVIEW
    OCTOBER 2016 20 MINING IN SOUTH AUSTRALIA THE AUSTLIAN MINING REVIEW BHP Billiton’s world-class Olympic Dam project. Image: BHP Billiton. A bright future Home to 68 per cent of the nation’s copper and 25 per cent of the world’s known uranium, South Australia’s resources industry is an irrefutable force. Additional State Government support, which aims to kick-start investment and sector growth, reflects its importance. ELIZABETH FABRI SOUTH Australia, affectionately known as the ‘Copper Kingdom’, has been a key contributor to Australia’s mining industry as far back as the 1800s, and today boasts the world’s largest uranium deposit and the country’s largest underground mine, Olympic Dam. In 2014/15 the State’s minerals and petroleum sector had a gross value of product at $5.958 billion and regionally the industry contributed a gross regional product of $6.377bn. While established operations are peppered across the State, the region maintains more than 700 exploration licenses and more than 20 advanced projects in exploration, feasibility and resource definition phases, signifying great promise for the future. In addition to copper and uranium, commodities such as iron ore, gold, graphite, zinc and zircon are generating interest. However, the fate of the sector is resting on a rapid solution to the high energy prices experienced across the State in recent years. The Whyalla steelworks operation is a recipient of State budget funding. Image: Arrium. Photography Sean Kelly. “At this point in time electricity is the number one, two and three thing that needs dollars to be put into South Australia.” a globally competitive resources sector, the community of Whyalla.
    [Show full text]
  • Genesee & Wyoming Inc. 2016 Annual Report
    Genesee & Wyoming Inc. 2016 Annual Report Genesee & Wyoming Inc.*owns or leases 122 freight railroads worldwide that are organized into 10 operating regions with approximately 7,300 employees and 3,000 customers. * The terms “Genesee & Wyoming,” “G&W,” “the company,” “we,” “our,” and “us” refer collectively to Genesee & Wyoming Inc. and its subsidiaries and affiliated companies. Financial Highlights Years Ended December 31 (In thousands, except per share amounts) 2012 2013 2014 2015 2016 Statement of Operations Data Operating revenues $874,916 $1,568,643 $1,639,012 $2,000,401 $2,001,527 Operating income 190,322 380,188 421,571 384,261 289,612 Net income 52,433 271,296 261,006 225,037 141,096 Net income attributable to Genesee & Wyoming Inc. 48,058 269,157 260,755 225,037 141,137 Diluted earnings per common share attributable to Genesee & Wyoming Inc. common stockholders: Diluted earnings per common share (EPS) $1.02 $4.79 $4.58 $3.89 $2.42 Weighted average shares - Diluted 51,316 56,679 56,972 57,848 58,256 Balance Sheet Data as of Period End Total assets $5,226,115 $5,319,821 $5,595,753 $6,703,082 $7,634,958 Total debt 1,858,135 1,624,712 1,615,449 2,281,751 2,359,453 Total equity 1,500,462 2,149,070 2,357,980 2,519,461 3,187,121 Operating Revenues Operating Income Net Income Diluted Earnings ($ In Millions) ($ In Millions) ($ In Millions) 421.61,2 Per Common Share 2 2,001.5 401.6 1 $2,000 2,000.4 $400 394.12 $275 271.3 $5.00 1 2 4.79 1 374.3 1 380.21 384.3 261.0 4.581 1,800 250 4.50 350 1,639.0 225.01 225 2 1 1,600 233.5 4.00 2 3.89 1,568.6 4.10 2 300 2 200 213.9 213.3 2 3.78 2 1,400 1 3.50 3.69 289.6 183.32 3.142 250 175 1,200 3.00 211.
    [Show full text]
  • Meeting Details Report
    Voting report for the period 1 July 2015 to 31 December 2015 Meeting Date ASX Code Company Name Summary CareSuper Vote 7/07/15 INT INT Corporation Limited Approve the Consolidation of Shares and Options For 7/07/15 INT INT Corporation Limited Approve the Change in Nature and Scale of the Company's Activities For 7/07/15 INT INT Corporation Limited Approve the Acquisition of Relevant Interest For 7/07/15 INT INT Corporation Limited Approve the Issuance of Consideration Securities to Non-Related Party Investors For 7/07/15 INT INT Corporation Limited Approve the Issuance of Consideration Shares to Shauna Mei For 7/07/15 INT INT Corporation Limited Approve the Issuance of Consideration Securities to Sachin Devand For 7/07/15 INT INT Corporation Limited Approve the Executive and Employee Incetive Plan For 7/07/15 INT INT Corporation Limited Approve the Issuance of Incentive Securities to Shauna Mei, Director of the Company For 7/07/15 INT INT Corporation Limited Approve the Issuance of Incentive Securities to Sachin Devand, Director of the Company For 7/07/15 INT INT Corporation Limited Approve the Grant of 44.44 Million New Shares to Investors For 7/07/15 INT INT Corporation Limited Approve the Grant of 166,667 New Shares to Mike Hill, Director of the Company For 7/07/15 INT INT Corporation Limited Elect Shauna Mei as Director For 7/07/15 INT INT Corporation Limited Elect Sachin Devand as Director For 7/07/15 INT INT Corporation Limited Approve the Change of Company Name to AHAlife Holdings Limited For 14/07/15 CSR Csr Ltd.
    [Show full text]
  • PGI Annual 2012
    PRINCIPAL GLOBAL INVESTORS FUNDS An umbrella trust governed by the laws of Ireland Annual Report and Audited Financial Statements For the year ended 30 September 2012 PRINCIPAL GLOBAL INVESTORS FUNDS ANNUAL REPORT AND AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2012 CONTENTS General Information ............................................................................................................................................................. 3 Investment Adviser’s Report ........................................................................................................................................... 5 Independent Auditor’s Report ................................................................................................................................... 12 Trustee’s Report ..................................................................................................................................................................... 14 Statement of Manager’s and Trustee’s Responsibilities ........................................................................... 15 Portfolio of Investments Global Equity Fund ................................................................................................................................................... 16 Asian Equity Fund ...................................................................................................................................................... 18 European Equity Fund ...........................................................................................................................................
    [Show full text]
  • Business Leadership: the Catalyst for Accelerating Change
    BUSINESS LEADERSHIP: THE CATALYST FOR ACCELERATING CHANGE Follow us on twitter @30pctAustralia OUR OBJECTIVE is to achieve 30% of ASX 200 seats held by women by end 2018. Gender balance on boards does achieve better outcomes. GREATER DIVERSITY ON BOARDS IS VITAL TO THE GOOD GOVERNANCE OF AUSTRALIAN BUSINESSES. FROM THE PERSPECTIVE OF PERFORMANCE AS WELL AS EQUITY THE CASE IS CLEAR. AUSTRALIA HAS MORE THAN ENOUGH CAPABLE WOMEN TO EXCEED THE 30% TARGET. IF YOUR BOARD IS NOT INVESTING IN THE CAPABILITY THAT DIVERSITY BRINGS, IT’S NOW A MARKED DEPARTURE FROM THE WHAT THE INVESTOR AND BROADER COMMUNITY EXPECT. Angus Armour FAICD, Managing Director & Chief Executive Officer, Australian Institute of Company Directors BY BRINGING TOGETHER INFLUENTIAL COMPANY CHAIRS, DIRECTORS, INVESTORS, HEAD HUNTERS AND CEOs, WE WANT TO DRIVE A BUSINESS-LED APPROACH TO INCREASING GENDER BALANCE THAT CHANGES THE WAY “COMPANIES APPROACH DIVERSITY ISSUES. Patricia Cross, Australian Chair 30% Club WHO WE ARE LEADERS LEADING BY EXAMPLE We are a group of chairs, directors and business leaders taking action to increase gender diversity on Australian boards. The Australian chapter launched in May 2015 with a goal of achieving 30% women on ASX 200 boards by the end of 2018. AUSTRALIAN 30% CLUB MEMBERS Andrew Forrest Fortescue Metals Douglas McTaggart Spark Group Ltd Infrastructure Trust Samuel Weiss Altium Ltd Kenneth MacKenzie BHP Billiton Ltd John Mulcahy Mirvac Ltd Stephen Johns Brambles Ltd Mark Johnson G8 Education Ltd John Shine CSL Ltd Paul Brasher Incitec Pivot
    [Show full text]
  • Growth in All the Right Places
    Monday 18 May 2015 Growth in all the right places I want the negativity to stop now! There are some great things in this Budget for growth and if we all just get on with it, the economy might actually do better, which would be good for growth and good for stocks. Today I mention a few that are particularly set to do well. Also today, Tony Featherstone breaks down the BHP spinoff South32 and examines whether you should hold it and potentially buy more now, or later when all the institutional activity has died down. James Dunn has 5 remarkable REITs and Paul Rickard shares everything you need to know for a sector review. Buy, Sell, Hold – what the brokers say, has upgrades for ALS and Sirtex and our Super Stock Selectors single out Dulux and Hansen Technologies. Sincerely, Peter Switzer Inside this Issue 02 3 arguments for buying South32 by Tony Featherstone 05 Joe’s Viagra Budget will help these stocks by Peter Switzer 07 Everything you need to know for a sector update by Paul Rickard 10 5 remarkable REITs by James Dunn 13 Buy, Sell, Hold – what the brokers say 3 arguments for buying by Rudi Filapek-Vandyck South32 16 Shortlisted – Super Stock Selectors by Tony Featherstone by Penny Pryor 18 Steady as she goes for property 02 by Switzer Super Report Important information: This content has been prepared without taking account of the objectives, financial situation or needs of any particular individual. It does Switzer Super Report is published by Switzer Financial Group Pty Ltd AFSL No.
    [Show full text]
  • The ISA Discussion Paper (DP) Identifies The
    The ISA Discussion Paper (DP) identifies the following four projects within the Eyre & Western Region as priorities ‐• 6‐Star $500m International Holiday Resort • Competitive Export Pathways for Primary Industries • Super School in Whyalla Education & Training Precinct • Energy Transmission and Generation on EP. This information is sourced (acknowledged) from the RDSA Infrastructure Priorities Report. The priorities require updating to reflect changes since the report was published and the report, within the context of this region and ISA’s objectives, requires a broader perspective. For instance RDAWEP has successfully supported and advocated for; the $100m Super School (due for completion in 2021) and has broadened the agenda to advocate for an integrated Education and Innovation Precinct (EIP) an $280m upgrade of the energy transmission network (Electranet due to commence construction in 2020) and is progressing various energy generation projects across the region – however the planned transmission upgrade will be at maximum capacity when completed and therefore requires greater capacity than is planned Competitive Export Pathways for Primary Industries which is a catch‐all for the ports of Thevenard, Port Lincoln, Lucky Bay, Whyalla, approved port at Cape Hardy together with bulk handling, storage and transport network efficiencies, including road & rail, for agriculture, mining and processing – this catch‐all represents many projects that drives efficiency, enhances global competitiveness and collectively exceeds $1bn, ranging from maintenance and enhancement of existing assets (i.e. dredging Thevenard) to building new Infrastructure (i.e. Cape Hardy Port and connection to national rail grid) Early high level master planning, identification of key stakeholders, location & land acquisition and potential partners for a multi experience International Resort.
    [Show full text]
  • REST Industry Super - Proxy Voting Behaviours
    REST Industry Super - Proxy Voting Behaviours 1 July 2014 to 30 June 2015 This document provides a consolidated summary of voting decisions by REST's Investment Managers on resolutions proposed by Australian listed companies The voting decisions pertain to companies that REST's Investment Managers have made an investment on behalf of the Fund over the stated period: 1 July 2014 to 30 June 2015. Selected Groups QRXPHARMA LTD, SYDNEY NSW Security: Q7908S108 Meeting Type: Ordinary General Meeting Ticker: Meeting Date: 09-Jul-2014 ISIN AU000000QRX5 Vote Deadline Date: 03-Jul-2014 Item Proposal For Against Abstain Take No Action 1 PLEASE NOTE THAT THIS RESOLUTION IS A SHAREHOLDER PROPOSAL: REMOVAL OF DIRECTOR - DR PETER FARRELL 100% 0% 0% 0% 2 PLEASE NOTE THAT THIS RESOLUTION IS A SHAREHOLDER PROPOSAL: REMOVAL OF DIRECTOR - DR GARY PACE 100% 0% 0% 0% 3 PLEASE NOTE THAT THIS RESOLUTION IS A SHAREHOLDER PROPOSAL: APPOINTMENT OF DIRECTOR - DR RICHARD TREAGUS 100% 0% 0% 0% 4 PLEASE NOTE THAT THIS RESOLUTION IS A SHAREHOLDER PROPOSAL: APPOINTMENT OF DIRECTOR - MR BRUCE HANCOX 100% 0% 0% 0% CSR LTD Security: Q30297115 Meeting Type: Annual General Meeting Ticker: Meeting Date: 10-Jul-2014 ISIN AU000000CSR5 Vote Deadline Date: 04-Jul-2014 Item Proposal For Against Abstain Take No Action 2 RE-ELECT KATHLEEN CONLON AS A DIRECTOR 100% 0% 0% 0% 3 ELECT MATTHEW QUINN AS A DIRECTOR 100% 0% 0% 0% 4 TO ADOPT THE REMUNERATION REPORT 100% 0% 0% 0% 5 TO APPROVE THE ISSUES OF 345,485 PERFORMANCE RIGHTS TO ROB SINDEL 100% 0% 0% 0% ROC OIL COMPANY LIMITED Security:
    [Show full text]
  • Whyalla Investor Site Tour Presentation
    21 October 2008 WHYALLA INVESTOR SITE TOUR PRESENTATION Please find attached a presentation being delivered today by Geoff Plummer, OneSteel’s Managing Director and CEO, and Mr Mark Parry, Executive General Manager of OneSteel Whyalla in South Australia. - End - OneSteel Limited ABN 63 004 410 833 OneSteel Head Office: Level 40, 259 George St, Sydney NSW 2000, GPO Box 536, Sydney NSW 2001, Australia Phone: +612 9239 6666 Fax: +612 9251 3042 OneSteel - Whyalla Analyst Site Tour 21 October 2008 Page 1 Analyst Visit to OneSteel Whyalla 21 October 2008 Itinerary 8.00 am - 9.30 am Welcome and Company Overview (Geoff Plummer) Whyalla Overview, Priorities & Outline itinerary (Mark Parry) 9.30 am - 1.00 pm Travel and Mine Tour 1.00 pm - 1.40 pm Lunch 1.40 pm - 2.20 pm Hummock Hill Lookout to view tip pocket, export shed, shiploader (may see a barge loading) 2.20 pm Coaster departs for airport (for those on 3pm flight) 2.30 pm - 4.20 pm Tour Filter Flux Plant and Balling Line at Pellet Plant 4.20 pm Coach travels to Whyalla airport Page 2 1 Presentations OneSteel Overview Geoff Plummer, Managing Director & CEO 4 Whyalla Operations Overview Mark Parry, Executive GM OneSteel Whyalla 13 Whyalla Mining Update Mark Parry, Executive GM OneSteel Whyalla 18 Whyalla Manufacturing Update Mark Parry, Executive GM OneSteel Whyalla 39 Page 3 OneSteel Overview Geoff Plummer, Managing Director and CEO Page 4 2 Company overview OneSteel is a fully integrated global manufacturer and distributor of steel and finished steel product. We are self sufficient in iron ore and partially sufficient in scrap metal.
    [Show full text]
  • Case Study: Whyalla, South Australia Industrial Decline and Rejuvenation
    Globalization, Planning and Local Economic Development www.gpaled.com Case study: Whyalla, South Australia Industrial decline and rejuvenation Whyalla is a small city in South Australia located on the Eyre Peninsula near the head of Spencer Gulf, 237 kilometres from Adelaide by air and 396 kilometres by road. At the 2016 Census the city had 20,114 persons, with the population falling since the mid-1970s when 33,000 persons lived there. At the 1996 Census, for example, the city had a population of 23,644 and the slow, and apparently irreversible, decline in population over four decades has been a constant feature of the city and its economy. At the 2016 Census the Aboriginal and Torres Strait Islander population numbered just over 1,000 persons or five per cent of the population, and this group had doubled in number over the past two decades. Whyalla was born as an industrial town. It was established in 1901 (as Hummock Hill) as a shipping port for iron ore from the mine at nearby Iron Knob. Broken Hill Pty Ltd (BHP) opened a blast furnace for the production of iron and steel in 1941, and also began building naval ships. In 1944 a new water pipeline was completed, removing a major constraint on industrial and population growth. By 1968, BHP had opened an integrated steel works and the population was growing at 3,000 persons per year, many of them migrants from Europe. BHP’s workforce in steel production and shipbuilding reached nearly 7,000 in 1970. However, the shipyards closed in 1978, bringing several decades of remarkable growth to an end.
    [Show full text]
  • People Report
    Welcome This report is for BlueScope’s people, wherever you are across our 17,000-strong global workforce in more than 100 manufacturing plants in 17 countries. It acknowledges your valuable contribution to the Company’s performance, and to building a profitable future. At BlueScope, we value people who are practical and forward- looking; people who put safety first, and who care about the communities in which they work. In short, BlueScope business people with an interest in the long-term strength of the Company. Contents Safety 04 Living our Bond 10 Our shareholders are our foundations 12 Our customers are our partners 16 Our people are our strength 22 Our communities are our homes 34 This report is for our people Yes. You. The world's changing. So are we. Our transformation The transformation of our business through significant • acquisition of Orrcon, a pipe and tube manufacturer and restructuring, cost-reduction programs, prudent capital distributor, and the Fielders building products business management and strategic investments has positioned in February 2014; us for future growth. • acquisition of Arrium's OneSteel sheet and coil processing Our investment in growth and strength for the future includes: and distribution assets in April 2014; and • the ASEAN Coated Products joint venture with Nippon • acquisition of Pacific Steel Group downstream long Steel & Sumitomo Metal Corporation giving access to new products business in New Zealand in June, and the markets and technology in March 2013; construction of a billet caster and associated plant at the Glenbrook steelworks. • opening of the new $70 million Xi’an facility in Shaanxi Province central China in October 2013; The transformation journey continues, with different parts of the business launching their own programs, such as Triple A, • expansion of New Zealand iron sands exports, with further BAMBOO and Bridgespan, in line with a more customer and expansion targeted for FY2015; market-focused mindset.
    [Show full text]
  • 1H FY2017 Results Presentation
    1H FY2017 Financial Results Presentation Paul O’Malley, Managing Director and Chief Executive Officer Charlie Elias, Chief Financial Officer 20 February 2017 BlueScope Steel Limited. ASX Code: BSL Important Notice THIS PRESENTATION IS NOT AND DOES NOT FORM PART OF ANY OFFER, INVITATION OR RECOMMENDATION IN RESPECT OF SECURITIES. ANY DECISION TO BUY OR SELL BLUESCOPE STEEL LIMITED SECURITIES OR OTHER PRODUCTS SHOULD BE MADE ONLY AFTER SEEKING APPROPRIATE FINANCIAL ADVICE. RELIANCE SHOULD NOT BE PLACED ON INFORMATION OR OPINIONS CONTAINED IN THIS PRESENTATION AND, SUBJECT ONLY TO ANY LEGAL OBLIGATION TO DO SO, BLUESCOPE STEEL DOES NOT ACCEPT ANY OBLIGATION TO CORRECT OR UPDATE THEM. THIS PRESENTATION DOES NOT TAKE INTO CONSIDERATION THE INVESTMENT OBJECTIVES, FINANCIAL SITUATION OR PARTICULAR NEEDS OF ANY PARTICULAR INVESTOR. THIS PRESENTATION CONTAINS CERTAIN FORWARD-LOOKING STATEMENTS, WHICH CAN BE IDENTIFIED BY THE USE OF FORWARD-LOOKING TERMINOLOGY SUCH AS “MAY”, “WILL”, “SHOULD”, “EXPECT”, “INTEND”, “ANTICIPATE”, “ESTIMATE”, “CONTINUE”, “ASSUME” OR “FORECAST” OR THE NEGATIVE THEREOF OR COMPARABLE TERMINOLOGY. THESE FORWARD-LOOKING STATEMENTS INVOLVE KNOWN AND UNKNOWN RISKS, UNCERTAINTIES AND OTHER FACTORS WHICH MAY CAUSE OUR ACTUAL RESULTS, PERFORMANCE AND ACHIEVEMENTS, OR INDUSTRY RESULTS, TO BE MATERIALLY DIFFERENT FROM ANY FUTURE RESULTS, PERFORMANCES OR ACHIEVEMENTS, OR INDUSTRY RESULTS, EXPRESSED OR IMPLIED BY SUCH FORWARD-LOOKING STATEMENTS. TO THE FULLEST EXTENT PERMITTED BY LAW, BLUESCOPE STEEL AND ITS AFFILIATES AND THEIR RESPECTIVE OFFICERS, DIRECTORS, EMPLOYEES AND AGENTS, ACCEPT NO RESPONSIBILITY FOR ANY INFORMATION PROVIDED IN THIS PRESENTATION, INCLUDING ANY FORWARD LOOKING INFORMATION, AND DISCLAIM ANY LIABILITY WHATSOEVER (INCLUDING FOR NEGLIGENCE) FOR ANY LOSS HOWSOEVER ARISING FROM ANY USE OF THIS PRESENTATION OR RELIANCE ON ANYTHING CONTAINED IN OR OMITTED FROM IT OR OTHERWISE ARISING IN CONNECTION WITH THIS.
    [Show full text]