From what we can tell, South Australian Premier Jay Weatherill doesn’t own any shares in Arrium, but Steelmakers Australia is talking to him anyway. What’s going on here? Also in resources, it’s Nathan Tinkler versus the rest over at Whitehaven Coal, with almost the entire register not owned by the former electrician declining to join his crusade. Meanwhile, we know who’s selling Ten Network stock (but who’s buying?), Drillsearch has got Acer Energy for real and Australian private equity firms are having some trouble deploying their billions.
Arrium, Steelmakers Australia
The Asian consortium that will no longer seek to engage the directors of Arrium has instead opted to engage South Australian Premier Jay Weatherill.