Artificial bone 3D printing company Osteopore (ASX: OSX) burst onto the stock market this week, its shares rising rising four times in price on debut. The company’s shares rose a further 10 cents in its second day of trading. The Perth and Singaporean company, which prints bone scaffold implants designed to fit individual patients, raised…
Comment by Peter Roberts It has been difficult for many years to say anything too positive about our federal industry ministers. How could I? With six serving in the position in a similar number of years none have been round long enough to make an impression. But these pictures of industry minister Karen Andrews visiting…
New Zealand dairy giant Fonterra (ASX: FSF) has offloaded its shareholding in pharmaceutical supplier DPE Pharma as it reorganises its businesses to cut debt. The company sold its 50 per cent shareholding in the international suppliier of dry inhalation powders for $589 million (NZD$633 million), ending its association with milk-based pharmaceuticals. The purchaser was capital…
New figures from Bloomberg new energy finance show the continuing fall in the cost of solar and wind generated electricity, which is now the cheapest form of power in two thirds of the world. Their report, New Energy Outlook 2019, shows that price is driving a shift in global energy mix, with solar and wind…
The first Boxer Combat Reconnaissance Vehicle (CRV) being built for Australia in a $3 billion order has been unveilled by the army. The first of 211 vehicles made its debut at a ceremony at Enoggera Barracks in Brisbane today attended by defence officials. Defence minister LindaReynolds said: “They will be able to undertake a range…
If a country’s economy was entirely self-sufficient and independent, it wouldn’t ever need to import goods from elsewhere. While the prospect of insulating yourself from the turbulence of global markets may sound alluring at first glance, it would come with considerable caveats, risks, and downsides. Not only would it mean missing out on the world’s…
Perth’s FYI Resources (ASX: FYI) has received state government backing for its Cadoux Kaolin High Purity Alumina (HPA) project. Western Australian Premier, Mark McGowan supported FYI’s project as part of the state’s Future Battery Industry Strategy which aims to position WA as a key supplier of value-added materials needed for lithium ion battery production. Alumina…
Queensland company Black Sky Aerospace has been given the green light by regulators to make final preparations to manufacture solid fuel rocket engines. The Logan City-based Black Sky plans to be the first new era manufacturer of rocket engines in Australia, and aims to have the first motors completed later this year. Australia previously manufactured…
Comment by Peter Roberts The stock market is often likened to a casino. This is especially true in Australia where most active companies on the ASX are mining minnows, all competing for attention with their latest discovery. Cyclically this market burns white hot, and the white shoe brigade bids up the prices of penny stocks…
The federal Government will back Australian industry participation in NASA Moon and Mars missions with a $150 million investment. The Prime Minister, Scott Morrison, agreed to the investment, to be made through the Australian Space Agency, during his recent trip to the United States. The Agency will help companies demonstrate their capabilities in projects that…
