May 28, 2026 – 12.46pmCoal magnate Matt Latimore says his M Resources group has the financial capacity to fund the billions of dollars in capital required to modernise steelmaking at Whyalla, and fully develop the nearby iron ore resources in mines with a life of more than two decades.M Resources will take a multi-stage approach to putting the Whyalla business in South Australia back on a sound footing, Latimore said, after a tumultuous past decade where it has gone bust twice.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles
Whyalla steel suitor Latimore ready to pay billions to revive plant
The magnetite ore deposits being sold with the Whyalla steelworks are a big draw for Matt Latimore, who says they are in high demand among global steelmakers.
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