SYDNEY, March 3 (Reuters) - Commodities tycoon Sanjeev Gupta's GFG Alliance said in a statement on Monday it remained the largest creditor in Australia's Whyalla Steelworks at A$536 million ($333.23 million).

South Australia's state premier put Whyalla into administration for unpaid bills on February 19 and said he wants to help develop lower carbon steel production in the state. GFG said at the time it was seeking advice on its options.

Over the last 12 months, the privately held conglomerate's steel unit Infrabuild has offered customer pre-payments to Whyalla, while the steelworks also recieved working capital loans from Tahmoor Coal, GFG said in a statement.

A capital raising for the Tahmoor mine is still going ahead, a spokeswoman separately told Reuters.

($1 = 1.6085 Australian dollars)

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https://www.reuters.com/markets/commodities/gfg-alliance-says-it-remains-largest-creditor-australias-whyalla-steelworks-2025-03-03/