Stockmarket high sparks capital raisings

Manufacturers are using the current high level of the stockmarket to raise fresh capital for what remains a very uncertain business environment. Today both welding technology company K-TIG, and lithium-ion battery technology firm Magnis Energy Technologies announced successful raisings. K-TIG, which is commercialising a CSIRO high speed precision welding technology, has received binding commitments to…

Army self-propelled guns to be built in Geelong

The federal government has issued a request for tender for the building of thirty self-propelled howitzers and 15 armoured ammunition resupply vehicles for the army. The request was issued to preferred supplier Hanwha Defence Australia under the army’s Protected Mobile Fires project and will provide better mobility, lethality and crew protection. The self-propelled howitzers will…

Two battery metals projects move forward

Two battery metals initiatives have reported progress as Australian resources companies continue two develop initiatives towards a mine to factory lithium ion battery supply chain. FYI Resources has progressed plans to upgrade ores into high purity alumina (HPA, Al2O3), while Pure Minerals will start its nickel-cobalt pilot plant later this year. Pure Minerals Townsville Energy…