Magnis Energy Technologies (ASX: MNS) has reaffirmed its commitment to financing a $2 billion lithium-ion battery cell gigafactory in Townsville being developed by Imperium3. The company lodged its feasibility study for the an 18GWh mega factory to be built in three stages with the Queensland government in October. Magnis, which owns a third of Imperium3,…
Only a day after its shares plunged 18 per cent on bad news, hearing implant manufacturer Cochlear has been hit again by more adverse news. But instead of falling further, by late this morning the company’s shares had risen 0.85 per cent or $1.49 to reach $176. On Monday @AuManufacturing reported that Cochlear had abandoned…
By Peter Martin, Visiting Fellow, Crawford School of Public Policy, Australian National University The government is planning to deliver a second coronavirus economic support package within days, and the Reserve Bank will announce “further policy measures” to support the economy on Thursday. The bank sometimes uses the phrase “policy measures” to describe adjustments to its “policy…
Australian Vanadium’s ambitions to mine and process vanadium from its mine in Western Australia have brightened with the completion of a critical stage of pilot plant tests. The company’s pilot plant at Balcatta in Perth treated 20 tonnes of ore and validated and optimised the grinding, separation, thickening and concentration steps achieving up to 76…
A collaboration of boat builders, niche manufacturers and experienced former defence personnel has launched the first of two Whiskey Project tactical boats the makers are offering to the armed forces. The first, the Alpha85 (pictured) broke cover late in 2019 and has been tested by interested parties and the media. Built by sailing boat builder…
Keyhole Tig welding developer K-Tig has announced a change of leadership as the company’s share price languishes at an all time low. The company, which manufactures patented, high productivity welding equipment and offers welding as a service, announced David Williams had been replaced as executive director by experienced international executive Mark Twycross. K-Tig issued a…
Strong space and defence industries in South Australia are helping the formation of a potentially nation-leading AgTech ecosystem.
Bionic ear manufacturer Cochlear has been forced to abandon its profit predictions for the year because of mass postponements of implant surgeries in the United States and Europe. The Sydney company told investors this morning it was withdrawing its earnings guidance due to ‘short-term negative impacts.’ China’s health response to the virus is not at…
Award-winning electronics business ICT International launched its new production facility in Armidale last week. Brent Balinski spoke to co-founder and CEO Susan Cull about keeping customers in 55 countries happy while operating from “a small country town”.
By Dr Jens Goennemann, Managing Director, Advanced Manufacturing Growth Centre The wine industry is plagued by knockoffs. Piracy tactics range from mis-labelled bottles, over diluting of products to using similar-but-different brands – a glass of Benfolds, anyone? You can talk about “the sincerest form of flattery”, but don’t do it around Treasury Wine Estates. We can’t be sure of…
