Space infrastructure project grants open

In the 2019-20 Federal Budget, the Australian Government announced the $19.5 million Space Infrastructure Fund (SIF). This investment into infrastructure will help to grow the Australian space sector. The SIF targets 7 infrastructure projects for common-user platforms that industry cannot provide alone. Two of these projects are now open for grant applications: Mission Control Centre…

BlackRock sips on Penfolds

BlackRock, the mega funds manager which this week announced an exit from coal investments, has joined the share register of the producer of the iconic Australian red wine Penfolds Grange. The company has bought 7.3 million shares worth $250 million in Australia’s leading wine producer Treasury Wine Estates (ASX: TWE) over recent weeks. The global…

Now energy prices threaten Tomago smelter

The future of yet another Australasian aluminium smelter is coming under threat because of unsustainable energy prices, according to media reports. The owners of Australia’s largest aluminium smelter at Tomago in NSW have warned the NSW government that rising energy prices could have a significant impact their operations. Tomago Aluminium Company, a jont venture of…

Orthocell receives $2.9 million R&D refund

Nerve technology developer Orthocell (ASX:OCC) has received a $2.9 million R&D tax incentive refund for the 2018/19 financial year. The Perth company, which is commercialising its CelGro product to facilitate the regeneration of severed peripheral nerves, will invest the funds to accelerate regulatory approvals and to advance R&D. The company also recently raised new capital…

Australian Vanadium in talks with Chinese steelmaker

Resources and chemicals group Australian Vanadium (ASX: AVL) has signed an agreement which could see its services and products sold into the China market. The company, which is developing large-scale vanadium deposits and manufactures vanadium battery electrolyte, signed agreements with Hebei Yanshan Vanadium and Titanium Industry Technology Research Co to allow the negotiation of a…