Troubled mining and steel group Arrium Mining and Materials has been promised a A$49.2-million injection, if the Malcolm Turnbull coalition government is re-elected in the July 2 federal election.
The lifeline would allow Arrium to remain competitive and would save about 2 700 jobs at the stricken Whyalla steel operations, in South Australia, Turnbull said at the weekend, announcing the financial assistance programme.
