Austal, under takeover threat, awarded new $779 million US Navy contract

By Peter Roberts Perth international shipbuilder Austal has been awarded a $779 million (US$516 million) US Navy contract modification for the construction of the lead ship of the T-AGOS (ocean surveillance) programme, T-AGOS 25. The company, the largest Australian owned and controlled prime defence contractor, said the contract modification exercised an option for ordering long…

Queensland recycling grants aim to boost recycling

The Queensland government has announced a $45 million package aimed at facilitating large scale, high recovery waste recycling projects, part of the state’s $2.1 billion waste and resource recovery package. State Development Minister Grace Grace visited BMI Group’s Stapylton Resource Recovery Centre (pictured), which is diverting over 185,530 tonnes of waste from landfill every year…

Hazer Group and POSCO collaborate on low carbon steel

Technology development company Hazer Group has signed a Memorandum of Understanding (MOU) with Korea’s POSCO Steel to plan for the integration of Hazer’s technology into POSCO’s low carbon steel. POSCO, one of the world’s largest steel makers, and Hazer will develop a plan to integrate Hazer’s hydrogen production technology into POSCO’s low-carbon steel production. They…

Sparc Technologies ecosparc tested on marine infrastructure

Technology development company Sparc Technologies has announced the start of trials of its ecosparc graphene coatings additive in field trials with the South Australian Department for Infrastructure and Transport. Steel piles for the department’s Streaky Bay Jetty remediation project have been delivered for blasting and coating with either the ecosparc enhanced or control coatings. Field…

Latrobe Magnesium to raise $18m to progress magnesium production

Latrobe Magnesium has received firm commitments to raise $12.0 million from new and existing institutional and professional investors via an institutional placement and has announced plans for an entitlement offer to shareholders to raise another $6 million. The company, which recently produced what it called the world’s first environmentally sustainable magnesium oxide (MgO) from fly…