SIMEC Group

SIMEC Group is an international energy and natural resources group with a turnover of $2.7 billion (2017).[1] Its main operations cover energy, mining, shipping, commodities and infrastructure.

SIMEC Group
Private
Industry
Founded1996 (1996) in London, England
FounderParduman K Gupta
Headquarters
London
,
United Kingdom
Websitewww.simec.com

SIMEC was founded in 1996 by Parduman K Gupta, whose son Sanjeev Gupta established Liberty House Group. They are two members of the GFG Alliance, a group of independent companies owned by members of the Gupta family.

SIMEC Mining owns the mining assets of the former Arrium company in South Australia.[2] These include various magnetite and hematite mines in the Middleback Range[3] and a dolomite mine at Ardrossan used as flux in the blast furnaces.[4]

In 2017, SIMEC purchased a controlling stake in South Australian company ZEN Energy and formed a joint venture named SIMEC ZEN Energy. GFC Alliance stated that the acquisition was "an opportunity to invest in large-scale power projects to meet its own industrial requirements and support the domestic economy".[5]

In December 2018, GFC Alliance announced a proposal to build a new larger steel manufacturing facility in Whyalla, South Australia adjacent to the existing facility which had been bought by Liberty House Group in 2017. The complete venture is proposed to involve several members of the alliance. SIMEC Group's role is to develop its iron ore mines in the Middleback Range west of Whyalla — Iron Sultan and Iron Warrior.[6]

In 2019 SIMEC ZEN Energy changed its name to SIMEC Energy Australia[7] as it continues to deliver the GFG Alliance's US$1 Billion investment in renewable energy[8]

References
  1. qz.com, Manu Balachandran. "UK's 'Man of Steel': A tycoon from Punjab swam against the tide to rescue British steel industry". Scroll.in. Retrieved 30 May 2017.
  2. "Arrium Acquired by GFG Alliance". 1 September 2017. Retrieved 11 December 2018. GFG Alliance has completed the acquisition of the Arrium Mining and Steel businesses ... the former Arrium Mining has been renamed SIMEC Mining and OneSteel re-branded as Liberty OneSteel.
  3. "Middleback Ranges". Mines and Quarries. Government of South Australia Department for Energy and Mining. Retrieved 11 December 2018.
  4. "Ardrossan Dolomite Operation" (PDF). Retention Lease Proposal. SIMEC Mining. March 2018. Retrieved 11 December 2018 – via Government of South Australia.
  5. "Whyalla steelworks owner Sanjeev Gupta buys majority stake in renewable firm Zen Energy". 20 September 2017. Retrieved 6 March 2019.
  6. Hosie, Ewen (11 December 2018). "GFG Alliance drives SA iron ore sector with Whyalla steel expansion". Australian Mining. Retrieved 11 December 2018.
  7. Vorrath, Sophie (6 February 2019). "Gupta's SIMEC pushes into Victoria". Renew Economy. Retrieved 6 March 2019.
  8. Puddy, Rebecca (15 August 2018). "Gupta's billion-dollar renewables program the 'ultimate liberator' for Australian industry". ABC News. Retrieved 6 March 2019.
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