EOS the latest to raise new equity

Space, communications and defence manufacturer Electro Optic Systems has become the latest in the sector affected by Covid-19 to go to the market seeking new capital from investors. The company will seek to raise $144 million from a fully underwritten placement to institutional investors and a share purchase plan, with the company noting some disruption…

Lynas Corp refinery to remain shut

Lynas Corporation’s troubled rare earths refinery in Malaysia is to remain closed until April 28 following the extension of Covid-19 measures by the Malaysian government. The company has been plagued by controversy over its plant even before the virus hit, and is moving some refining operations back to its mine and processing site in Western…

A new deal for manufacturing – a rallying cry to get involved by Grant Anderson

Grant Anderson joins @AuManufacturing’s campaign to crowd source a new deal plan for manufacturing in Australia with this powerful call to action. Send your submission to [email protected] Never waste a good crisis ! Why is it that we need a crisis to bring about change to policy around manufacturing? Why is it that most countries…

Sky & Space Global in administration

Hall Chadwick have been appointed administrators of Perth satellite IoT communications company Sky and Space Global and are conducting a preliminary review and assessment of the business. The administrators were called in after a period of voluntary suspension, during which directors sought to raise new capital from shareholders. The administrators told investors they were determining…

A new deal for manufacturing – five building blocks for a new plan by Roy Green

Professor Roy Green kicks off @AuManufacturing’s campaign to crowd source a new deal plan for manufacturing in Australia with this industry policy scene setter. Send your submission to [email protected] Every crisis provides an opportunity and Covid-19 is no exception. Not only has it exposed the gaps in Australia’s manufacturing supply chains, but it has also…

Osborne digital naval shipyard nears completion – photo essay

The federal government’s $535 million redevelopment of the Osborne South naval shipyard on the Port River in Adelaide is nearing completion with landscaping works underway in preparation for the handover. The yard, complementing facilities where Collins Class submarines, Hobart class air warfare destroyers and Arafura class patrol boats have been constructed, will be used in…