Ainsworth hit hard by Covid-19 pandemic

Gaming manufacturer Ainsworth Game Technology continues to be hit hard by the Covid-19 pandemic with sales slowing further in the second half of 2020. The Sydney company reported expected second half revenues of $42 million, down from $116 million in the previous corresponding period. Preliminary unaudited figures have been delayed. Full year results are expected…

Good news for manufacturing as mining companies open their wallets

Analysis by Peter Roberts A surprising and sustained strength in key commodity prices has brought cheer to manufacturing and maintenance operations supporting Australia’s commodities export industries. While LNG gas prices are down and thermal coal is increasingly seen as yesterday’s fuel, prices for hard resources from iron ore to copper and gold are at very…