Australia’s Chief Scientist Dr Cathy Foley has backed the domestic manufacturing of US-developed mRNA vaccines, likening the new capability as a “honeypot” which will have benefits beyond Covid-19 and stimulate the local sector.
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“Productivity needs to improve,” says the RBA, BCA, CEDA, Treasury and the Banks. But that is not the real problem argues John Sheridan The RBA, the BCA, government ministers and others are all back on the bandwagon again – “Australia’s productivity needs to improve before people can expect wage rises”. One of the measures of…
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Ergon Energy has opened a new $6 million energy R&D facility in Cairns, described by the Queensland government as one of the most sophisticated of its kind in the nation.
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A CSIRO team has developed a world-first technique to stabilise vaccines, which are sensitive to heat and must usually be kept refrigerated, which the organisation says could eventually increase the accessibility of life-saving medicines for people in remote communities and developing nations.
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Two recent announcements hint at a seismic shift about to hit Australia’s coal industry.
Australian tech billionaire Mike Cannon-Brookes and Canada’s Brookfield put forward an extraordinary joint bid to takeover AGL Energy, Australia’s biggest emitting company, over the weekend. If successful, it would see AGL’s coal-fired power stations shut down early. And last week, Origin Energy announced that the country’s largest coal plant, Eraring, will close seven years early.
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BlueScope steel is rapidly refining its plans for decarbonising its steel making and today announced the likely $1 billion relining of its currently mothballed No. 6 blast furnace (6BF) at Port Kembla in New South Wales. The company told investors that it now expects significant takeup of low emissions steel technology into the 2040s. “Given…
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Australian high-tech welding manufacturer K-TIG will accelerate its global expansion, announcing it had raised $4 million in a share placement and revealing three new distribution deals. The TIG welding technology developer announced new distributors in Turkey, Spain, Portugal, and the successful placement of $4 million to investors including existing directors. Chairman Stuart Carmichael said the…
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Rio Tinto and the Tasmanian Government are to work together to boost employment and growth outcomes for the company’s Bell Bay smelter, including examining the possibility of new investment in the smelter. They have signed a MoU to jointly investigate how the smelter’s manufacturing capability and electricity demand can help support the development of new…
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Plumbing supplies company Reliance Worldwide Corporation announced a 12.4 per cent increase in revenues for the half-year to December to $US 522 million. The ASX-listed manufacturer reported its half-year results on Monday, with pre-tax profit $US 92 million (down 3.1 per cent on the corresponding period) and net profit $US 63.7 million (down 3.3 per…
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The board of energy company AGL Energy has rejected a takeover bid aimed at accelerating both the closure of the company’s coal-fired power stations and its investment in renewables. The company issued a statement to the ASX this morning saying that it rejected an ‘unsolicited, non-binding indication of interest’ from a consortium including tech billionaire…
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