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…
The Victorian government has called on rail industry manufacturers to put forward ideas for its next generation trains and trams. The government, which has a policy of at least 50 per cent local content in its public transport rolling stock, is planning new generation rolling stock under its strategy, Trains, Trams, Jobs 2015-2025. The new…
Milk and infant formula producer Bellamy’s Australia (ASX: BAL) has reacted favourably to a $1.5 billion takeover offer launched from the fast-growing China market. The company’s board was unanimous in recommending shareholders vote in favour of a $13.25 per share deal, comprised of $12.65 in cash and a 60 cents per share dividend. Shares in…
The South Australian Government has declared a rocket launch site proposed for the lower Eyre Peninsula to be a state significant project. The declaration boosts the hopes of Southern Launch, which is developing the Whalers Way launch site on the coast near Port Lincoln. Suited to launching polar satellites south over the ocean, the site…
Analysis by Peter Roberts This week saw the extraordinary spectacle of an Australian prime minister, Scott Morrison, threatening exporters and telling them to cut back on exports. For Morrison to warn alumina producers Rio Tinto and Alcoa to cut back on exports to the United States was strange enough, but the reason for it was…
Australia may not yet manufacture lithum ion batteries in any quantities but companies continue to make progress tackling various parts of the production process. This week Altech Chemicals (ASX:ATC) was invited to construct a high purity alumina (HPA) plant in the German state of Saxony. The company, which is completing a similar plant in Malaysia,…
The Australian Industry Group has attacked Canberra’s ‘big stick’ energy legislation as heavy handed, excessively dangerous and counter-productive. Ai Group Chief Executive, Innes Willox said the government’s bill went far beyond recommendations made by the ACCC inquiring into the energy market, and established new powers never before given the government. Willox said: “The so-called ‘big…
