FYI Resources moves ahead on Kwinana alumina plant, secures new equity

Perth materials technology group FYI Resources has announced a positive result from its definitive feasibility study (DFS) for its Western Australian high purity alumina (HPA) project. The company, which plans a kaolin mine at Cadoux, WA and a processing plant at Kwinana south of Perth, has also secured $80 million in development equity financing for…

Ainsworth buys US games developer

Poker machine and gaming manufacturer Ainsworth Game Technology has bought US-games developer MTD Gaming Inc for an initial consideration of US$13 million. The Sydney company will pay an additional US$13 million to MTD’s private owners on the delivery of financial targets and contract renewals. Ainsworth, founded by Len Ainsworth who started the world’s second-largest gaming…

Archer progresses quantum chip measurement

Quantum computing materials development company Archer Materials has begun performing measurements required to build an operational, room-temperature quantum computing chip. The company said today in a statement that measurements related to control of qubits, the basic unit of quantum information, on ‘components’ of its future quantum chip, known as a CQ chip. Archer expanded its…

Issartel – HIFraser aims to build submarine industrial capability

An ambitious international/Australian partnership is seeking to build Australian sovereign industrial capabilities in three key areas of technology to be installed on Australia’s future Attack class submarines. Issartel – HIFraser is calling for manufacturers skilled in high precision machining, boiler making, welding, surface and heat treatment services. The company is a combination of Sydney-based H.I.…