{"id":243560,"date":"2025-10-27T06:32:08","date_gmt":"2025-10-27T06:32:08","guid":{"rendered":"https:\/\/www.newsbeep.com\/au\/243560\/"},"modified":"2025-10-27T06:32:08","modified_gmt":"2025-10-27T06:32:08","slug":"billionaire-sanjeev-gupta-urged-to-pay-mines-debts-or-sell-it","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/au\/243560\/","title":{"rendered":"Billionaire Sanjeev Gupta urged to pay mine&#8217;s debts or sell it"},"content":{"rendered":"<p class=\"paragraph_paragraph__iYReA\">The billionaire owner of a NSW coal mine is being urged to either sell up or pay his debts after workers were informed they would no longer be paid.<\/p>\n<p class=\"paragraph_paragraph__iYReA\">Labour hire firm Rstar told workers at the Tahmoor Colliery on Friday it would no longer be able to continue pay them while the mine remained closed.<\/p>\n<p class=\"paragraph_paragraph__iYReA\">Earlier this year, mine operator SIMEC, a subsidiary of Indian-born British billionaire Sanjeev Gupta&#8217;s GFG Alliance, <a class=\"Link_link__kR0xA Link_link__5eL5m ScreenReaderOnly_srLinkHint__OysWz Link_showVisited__C1Fea Link_showFocus__ALyv2\" href=\"https:\/\/www.abc.net.au\/news\/2025-02-07\/workers-at-tahmoor-mine-stood-down-as-owner-dodges-creditors\/104904214\" data-component=\"Link\" data-uri=\"coremedia:\/\/article\/104904214\" rel=\"nofollow noopener\" target=\"_blank\">paused operations after it failed to pay its suppliers.<\/a><\/p>\n<p class=\"paragraph_paragraph__iYReA\">The approximately 250 Rstar contractors make up half of the mine&#8217;s workforce.<\/p>\n<p class=\"paragraph_paragraph__iYReA\">Mining and Energy Union (MEU) South Western District President Bob Timbs said the company had a clear choice \u2014 to pay its bills and get the mine running, or sell it.<\/p>\n<p class=\"paragraph_paragraph__iYReA\">&#8220;SIMEC need to pay RStar so they can pay their people,&#8221; he said. &#8220;Either get the mine running again or get out of the way.&#8221;<\/p>\n<p class=\"paragraph_paragraph__iYReA\">He added that the workforce had been strung along for months while the owners refused to make decisions about Tahmoor&#8217;s future.<\/p>\n<p class=\"paragraph_paragraph__iYReA\">&#8220;Workers have done their part,&#8221; Mr Timbs said.\u00a0<\/p>\n<p>&#8220;They deserve better than silence and excuses from a billionaire who&#8217;s lost interest.&#8221;<\/p>\n<p class=\"paragraph_paragraph__iYReA\">Independent Wollondilly MP Judy Hannan echoed those concerns, saying the situation was &#8220;sad&#8221; and the workers had been let down by a lack of transparency from the mine&#8217;s owners.<\/p>\n<p class=\"paragraph_paragraph__iYReA\">She said the situation was devastating for RStar employees, and uncertainty remained around the future of the approximately 150 people directly employed by the mine.\u00a0<\/p>\n<p class=\"paragraph_paragraph__iYReA\">&#8220;One person would be too many,&#8221; she said.<\/p>\n<p>&#8220;We want everyone back at work. It affects the whole community and the mental health of many families in the area.&#8221;Mine &#8216;in limbo&#8217;<img decoding=\"async\" alt=\"Tahmoor coal mine sign\" class=\"Image_image__5tFYM ContentImage_image__DQ_cq\"  src=\"https:\/\/www.newsbeep.com\/au\/wp-content\/uploads\/2025\/10\/f687886af76058f6762ad6bcd8e114cc\" loading=\"lazy\" data-component=\"Image\" data-lazy=\"true\"\/><\/p>\n<p class=\"Typography_base__sj2RP FigureCaption_text__zDxQ5 Typography_sizeMobile12__w_FPC Typography_lineHeightMobile20___U7Vr Typography_regular__WeIG6 Typography_colourInherit__dfnUx\" data-component=\"Typography\">Tahmoor Colliery has advised workers it will no longer be able to pay them amid ongoing financial difficulties.\u00a0 (ABC Illawarra: Tim Fernandez)<\/p>\n<p class=\"paragraph_paragraph__iYReA\">The stand-down comes after months of uncertainty at the underground mine, which supplies metallurgical coal to GFG Alliance&#8217;s Whyalla Steelworks.<\/p>\n<p class=\"paragraph_paragraph__iYReA\">Financial difficulties have persisted since the mine was forced to close nine months ago, leaving contractors and employees in limbo.<\/p>\n<p class=\"paragraph_paragraph__iYReA\">Ms Hannan said that while some workers had already found part-time roles elsewhere due to the prolonged uncertainty, many were still waiting for clarity on their employment.<\/p>\n<p class=\"paragraph_paragraph__iYReA\">She agreed with the union that the owner needed to restart operations or sell it to someone who could manage it effectively.<\/p>\n<p class=\"paragraph_paragraph__iYReA\">&#8220;The community deserves stable jobs, and this mine is a quality asset that shouldn&#8217;t be left in limbo,&#8221; she said.<\/p>\n<p class=\"paragraph_paragraph__iYReA\">The union has called for urgent meetings with both SIMEC and the NSW government to ensure action is taken if the owners continue to stall.<\/p>\n<p class=\"paragraph_paragraph__iYReA\">Mr Timbs said the government may need to intervene to protect local jobs, the community, and taxpayer interests.<\/p>\n<p class=\"paragraph_paragraph__iYReA\">&#8220;Tahmoor has reserves of high-demand steelmaking coal waiting to be mined. It&#8217;s time for SIMEC to stop wasting everyone&#8217;s time and do the right thing,&#8221; he said.<\/p>\n<p class=\"paragraph_paragraph__iYReA\">For now, workers remain stood down without pay, and the future of the mine hangs in the balance, with both the union and local representatives pressing for immediate resolution.<\/p>\n<p class=\"paragraph_paragraph__iYReA\">The contractor is set to hold a meeting tomorrow.<\/p>\n<p class=\"paragraph_paragraph__iYReA\">GFG Alliance and the NSW government have been contacted for comment<\/p>\n","protected":false},"excerpt":{"rendered":"The billionaire owner of a NSW coal mine is being urged to either sell up or pay his&hellip;\n","protected":false},"author":2,"featured_media":243561,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[64,63,99,12334,9618,37159,145182],"class_list":["post-243560","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-au","tag-australia","tag-business","tag-coal-mining","tag-job-losses","tag-sanjeev-gupta","tag-tahmoor-coal"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/243560","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/comments?post=243560"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/243560\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media\/243561"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media?parent=243560"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/categories?post=243560"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/tags?post=243560"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}