Question on Notice regarding Kingstream Steel's request for an extension to the Iron and Steel (Mid West) Agreement Act 1997, government considerations, and funding estimates for the Oakajee steel mill and deepwater port.

AnsweredQoN 746Legislative Council
Asked
13 November 2001
Portfolio
State Development

QuestionView source ↗

I refer to my previous question without notice No 517 asked and answered on 8 November, on the impending expiration of the agreement entered into by the former State Government and Kingstream under the Iron and Steel (Mid West) Agreement Act 1997, and ask - (1) Has the Government been approached by Kingstream to extend the agreement and has the Government considered the extension of the agreement? If so, for how long? (2) In relation to overcoming the problems created by the previous Government, what merits will the Government consider in deciding whether to renew the agreement, and do these merits include the current poor capitalisation of the company? (3) Have any estimates of funding for a proposed Oakajee steel mill and deepwater port been considered by the current Government? Hon KEN TRAVERS

AnswerView source ↗

I thank the member for some notice of this question. (1) Kingstream Steel Ltd has requested an extension under the Iron and Steel (Mid West) Agreement Act 1997. This matter is under consideration. Details of Kingstream’s submissions are confidential between the parties to the Act. (2) In considering whether to extend the time for submission of proposals, the Government will consider a range of issues including the progress of work undertaken by Kingstream Steel Ltd. (3) No.
(1) Has the Government been approached by Kingstream to extend the agreement and has the Government considered the extension of the agreement? If so, for how long? (2) In relation to overcoming the problems created by the previous Government, what merits will the Government consider in deciding whether to renew the agreement, and do these merits include the current poor capitalisation of the company? (3) Have any estimates of funding for a proposed Oakajee steel mill and deepwater port been considered by the current Government? Hon KEN TRAVERS replied: I thank the member for some notice of this question. (1) Kingstream Steel Ltd has requested an extension under the Iron and Steel (Mid West) Agreement Act 1997. This matter is under consideration. Details of Kingstream’s submissions are confidential between the parties to the Act. (2) In considering whether to extend the time for submission of proposals, the Government will consider a range of issues including the progress of work undertaken by Kingstream Steel Ltd. (3) No.
(2) In relation to overcoming the problems created by the previous Government, what merits will the Government consider in deciding whether to renew the agreement, and do these merits include the current poor capitalisation of the company? (3) Have any estimates of funding for a proposed Oakajee steel mill and deepwater port been considered by the current Government? Hon KEN TRAVERS replied: I thank the member for some notice of this question. (1) Kingstream Steel Ltd has requested an extension under the Iron and Steel (Mid West) Agreement Act 1997. This matter is under consideration. Details of Kingstream’s submissions are confidential between the parties to the Act. (2) In considering whether to extend the time for submission of proposals, the Government will consider a range of issues including the progress of work undertaken by Kingstream Steel Ltd. (3) No.
(3) Have any estimates of funding for a proposed Oakajee steel mill and deepwater port been considered by the current Government? Hon KEN TRAVERS replied: I thank the member for some notice of this question. (1) Kingstream Steel Ltd has requested an extension under the Iron and Steel (Mid West) Agreement Act 1997. This matter is under consideration. Details of Kingstream’s submissions are confidential between the parties to the Act. (2) In considering whether to extend the time for submission of proposals, the Government will consider a range of issues including the progress of work undertaken by Kingstream Steel Ltd. (3) No.
Hon KEN TRAVERS replied: I thank the member for some notice of this question. (1) Kingstream Steel Ltd has requested an extension under the Iron and Steel (Mid West) Agreement Act 1997. This matter is under consideration. Details of Kingstream’s submissions are confidential between the parties to the Act. (2) In considering whether to extend the time for submission of proposals, the Government will consider a range of issues including the progress of work undertaken by Kingstream Steel Ltd. (3) No.
I thank the member for some notice of this question. (1) Kingstream Steel Ltd has requested an extension under the Iron and Steel (Mid West) Agreement Act 1997. This matter is under consideration. Details of Kingstream’s submissions are confidential between the parties to the Act. (2) In considering whether to extend the time for submission of proposals, the Government will consider a range of issues including the progress of work undertaken by Kingstream Steel Ltd. (3) No.
(1) Kingstream Steel Ltd has requested an extension under the Iron and Steel (Mid West) Agreement Act 1997. This matter is under consideration. Details of Kingstream’s submissions are confidential between the parties to the Act. (2) In considering whether to extend the time for submission of proposals, the Government will consider a range of issues including the progress of work undertaken by Kingstream Steel Ltd. (3) No.
(2) In considering whether to extend the time for submission of proposals, the Government will consider a range of issues including the progress of work undertaken by Kingstream Steel Ltd. (3) No.
(3) No.

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