Mining and metals magnate Sanjeev Gupta is reorganising his businesses to appeal to investors and debt markets and prepare for his push into climate friendly manufacturing. Gupta announced in London that his global aluminium interests would be combined into a new entity Alvance Aluminium Group which would achieve operational synergies. Gupta said in a statement:…
Australia’s largest food manufacturer Nestlé has thrown its weight behind the circular economy movement with a massive commitment to cut back on the use of virgin plastic for packaging and to use recycled materials in its products. The Swiss company, which operates six large factories in Australia, has committed $2.5 billion globally to cover the…
Road and traffic technology group Redflex Holdings (ASX: RDF) won new equipment and services orders worth $73 million in the second quarter of the financial year according to an shereholder update from the company. Services revenues such as speed and red light enforcement and freeway management made up the bulk of the orders, however Redflex…
Engineering and industrial services group WestStar Industrial (ASX: WSI) is aiming to grow turnover to $100 million a year following shareholders voting to approve its purchase of Alltype Engineering for $6 million in WestStar shares. The combined group has revenues of around $60 million providing engineering, construction and mining services to the resources, energy and…
Perth materials technology group FYI Resources (ASX: FYI) has received the major approvals it needs to roll out its strategy of producing high purity alumina from a mine and processing plant in Western Australia. The company announced today it has received approval from the WA mines department for a mine and processing plant to exploit…
Rare earths producer Lynas Corporation (ASX: LYC) faces new opposition to its continuing operations in Malaysia with the lodging of proceedings in the High Court in Kuala Lumpur. Lynas is building a processing plant in Western Australia to remove radioactive waste before shipment to Malaysia, a development forced onto the company by the Malaysian government.…
Analysis by Peter Roberts When it first became clear that vehicle assembly was finished in Australia the predictions of job losses were truly massive. But three years later the Coalition, which dealt the coup de grace to the sector, is claiming credit for an orderly transition for many of the local suppliers to the three…
By Peter Roberts While the federal government has reluctantly said it might ‘evolve’ its climate action policies the outcomes of current policy settings are seeing a collapse in investment in renewable energy alternatives to burning dirty fossil fuels. New figures from Bloomberg New Energy Finance (BNEF) show a near 60 per cent fall in investments…
Two new instruments to be built for Australian radio astronomy facilities have the potential to create new spin-off industrial opportunities. Australian Research Council Linkage Infrastructure, Equipment and Facilities (LIEF) grants have been awarded to develop a new receiver for the Parkes radio telescope, and a new digital signal processor for the Australia Telescope Compact Array…
In the 2019-20 Federal Budget, the Australian Government announced the $19.5 million Space Infrastructure Fund (SIF). This investment into infrastructure will help to grow the Australian space sector. The SIF targets 7 infrastructure projects for common-user platforms that industry cannot provide alone. Two of these projects are now open for grant applications: Mission Control Centre…