M Resources to collaborate with Hazer Group on potential acquisition of Whyalla plant

Australian mining company M Resources has signed a memorandum of understanding (MoU) with clean technology developer Hazer Group Limited to jointly pursue a potential bid for the Whyalla steelworks, SteelOrbis reports.

Under the agreement, the parties will work together to include Hazer’s methane pyrolysis technology in the proposed bid. They will position this proposal as a key element of their carbon reduction strategy. The process is designed to reduce emissions while maintaining the long-term competitiveness of the facility within the current tender framework.

According to Australian media reports, the agreement aims to develop an integrated large-scale commercial Hazer facility. This involves incorporating the company’s pure hydrogen into the direct reduction process and is consistent with the state and federal governments’ plans to transform South Australia into a center for clean steel production.

It should be recalled that in June 2025, the Australian government officially began the process of selling the Whyalla Steelworks steel mill, which has been under external administration since February 2025. The plant was once a key asset of GFG Alliance. The sale process is being handled by administrator KordaMentha and financial company 333 Capital.