Stawell Gold and Gekko Systems prove novel technologies

A Victorian gold mine and a regionally based mining equipment manufacturer have collaborated to develop sophisticated technologies to automate gold processing plants. Since 2018 Stawell Gold Mine and Gekko Systems of Ballarat have installed new equipment and developed new processes to optimise processing. SGM, owned by private equity group Arete Capital Partners, first installed a…

Manufacturing news briefs – stories you might have missed

Probiotec grows as suppliers onshore production Pharmaceutical manufacturer and packing company company Probiotec has increased its sales and earnings guidance for FY21 following its acquisition of packing business Multipack-LJM and interest from customers in onshoring their production. The company expects to make an underlying operating profit (EBITDA) up 75 per cent to more than $29…

Austal faces civil case over alleged disclosure breach

The Australian Securities and Investments Commission (ASIC) has begun civil penalty proceedings in the Federal Court of Australia against Perth shipbuilder Austal and its former CEO David Singleton (pictured). Austal revealed it had been notified this morning of the case, which follows an investigation by ASIC of the company’s disclosures to the stockmarket regarding its…