Jul 28, 2026 – 9.49amKordaMentha has earned more than $53 million in fees for its role as administrator of the ailing Whyalla steelworks since being appointed almost 18 months ago, with a long-running process to find a new buyer set to extend to September.Details of the fees paid to KordaMentha and its 333 Capital subsidiary overseeing the sale process are detailed in summaries of creditors committee meetings lodged with the Australian Securities and Investments Commission.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 administrator fees top $53m as sale process drags on
KordaMentha has more than 25 people working on the administration and sale process for the steelworks, with a decision on a new owner expected in September.
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