Ampcontrol acquires Androck

Electrical engineering business Ampcontrol has announced that it has acquired its fellow Hunter region, NSW-based business Androck Engineering & Mining, with this expected to be completed on May 31. Androck is a company of 65, with five workshops in Rutherford. It manufactures, repairs and supplies for the underground mining sector. A share purchase agreement was…

Hexagon secures site for ammonia production

The Western Australian government has approved and allocated land for the construction of Hexagon Energy Materials planned WAH2 ‘low-emissions’ ammonia project aimed at exports to Asia. The 40 hectare site is in Hexagon’s preferred location at the Maitland Strategic Industrial Area – 2,500ha of land that is strategically located to promote and facilitate the processing…

ASM sells magnet metals from its metals plant

Rare earths and metals producer Australian Strategic Materials has announced a strategic partnership with US based rare earth magnet manufacturer Noveon Magnetics Inc. ASM, which is developing the Dubbo rare earths project in NSW, will supply Noveon with neodymium iron boron (NdFeB) alloy needed to make permanent magnets from ASM’s Korean Metals Plant (KMP). Ores…

Aristocrat in massive gambling buy

Poker machine manufacturer and online gaming developer Aristocrat Leisure is planning a massive $1.5 billion purchase of sports betting, online gaming and lottery operator NeoGames. The company said it planned to purchase 100 percent of the Israeli company which is listed on the US NASDAQ exchange to deliver on its real money gambling (RMG) ambitions.…