Sanjeev Gupta, a British industrialist, is facing financial difficulties that are affecting GFG Alliance workers in Australia. With one mine shut down and another smelter about to pause operations, hundreds of employees are uncertain about their future.

At the Tahmoor coal mine in New South Wales, 560 workers have been stood down since February, causing financial strain and mental health issues. The shutdown, which was supposed to be temporary, has left workers feeling deflated and alone.

Sanjeev Gupta's global empire is struggling due to poor economic conditions and the collapse of Greensill Capital in 2021. The South Australian government placed his steelworks into administration after bills went unpaid, with trade creditors owed over $1 billion.

Bob Timbs from the NSW Mining and Energy Union called for government intervention to restart operations at the Tahmoor mine, highlighting the importance of the coal produced there for steel production.

In Tasmania, Liberty Bell Bay manganese smelter will close for at least four weeks due to ore supply challenges. Concerns have been raised about the future of Mr. Gupta's operations, prompting calls for contingency planning from government officials.

University of Sydney professor Jason Harris raised questions about GFG Alliance's opaque business model and financial distress. The UK's Serious Fraud Office is investigating the relationship between GFG Alliance and Greensill Capital for potential fraud.

Authorities like ASIC are monitoring the situation, as questions arise about the sustainability of Mr. Gupta's empire and the support he continues to receive.