Fortescue continues to make progress towards its goal of being the number one green technology, energy and metals business, according to its latest quarterly report. While iron ore shipments totalled 45.9 million tonnes (Mt) in Q1 FY24, attention was on achievements in the company’s move into the green energy space. During the quarter Fortescue: Completed…
The federal government has announced a $2 billion expansion in critical minerals financing, doubling the capacity of the Critical Minerals Facility to finance critical minerals mining and processing projects. The funding would solidify Australia’s position as a world leading provider, help the transition to net zero, boost the economy and support more jobs and opportunities…
Healthcare manufacturer Viatris Australia has announced the Australian Made, Australian Grown (AMAG) logo has now been added to 50 of its Australian medicine products. In what the company describes as a first for a prescription medicine manufacturer in Australia, 50 products manufactured in Carole Park, Queensland, now showcase the logo. Products bearing the AMAG logo…
Eminent Australian political leader Kim Beazley has weighed in on the AUKUS submarine debate, writing that the submarines were necessitated by Australia’s strategic position in our region. Beazley, a former Governor of Western Australia, Ambassador to the United States and federal opposition leader, said Australia’s nuclear-powered submarines would be worth the wait, and the cost.…
An ambitious project to sequester harmful emissions from the Kwinana industrial area south Perth is among the projects funded by the Western Australian government’s Carbon Innovation Grants Program. Perth-based carbon geosequestration technology developer Sea-Quester Offshore received an $500,000 grant to investigate emissions reduction options for Kwinana heavy industries. Sea-Quester will partner with Discover Geoscience and…
Lynas Rare Earths has been given a reprieve by Malaysian authorities with a decision announced to update its license to import radioactive Lanthanide concentrates from its Mt Weld mine in Western Australia into Malaysia. The ore which is destined for its Malaysian metals production plant, has been subject to a long running campaign by environmentalists…
The federal government has moved to extend the life of the Collins class submarine fleet which will then remain in service until the arrival of the first nuclear submarines in a decade’s time. The government said in a statement it was committed to a ‘potent, enduring and agile submarine capability’, and would establish an independent…
QPE Advanced Machining has been selected to supply Launcher Components for the KONGSBERG Naval Strike Missile (NSM) to Kongsberg Defence Australia (KDAu). QPE Advanced Machining, part of the Stärke Advanced Manufacturing Group (Stärke-AMG), will supply the components from its Gillman, Adelaide facility. KONGSBERG’s NSM is replacing the Harpoon Anti-Ship Missile capability through an accelerated acquisition…
BlueScope’s weak US sales hit profit Steelmaker BlueScope has cut expectations for 1H VY24 EBIT to be in the range of $620 to $670 million, down from previous guidance of $700 to $770 million. The main driver of the change is the company’s US North Star operation, which is now expected to be half the…
By Peter Roberts Mitsubishi Electric has made history in a new deal with Australia’s Department of Defence, becoming the first Japanese company to sign a defence contract with a foreign government. Not only will Australia access Japanese defence technologies, but the deal opens the way for Australian technologies to be adopted in Japan. The federal…
