Austal, under takeover threat, awarded new $779 million US Navy contract

By Peter Roberts Perth international shipbuilder Austal has been awarded a $779 million (US$516 million) US Navy contract modification for the construction of the lead ship of the T-AGOS (ocean surveillance) programme, T-AGOS 25. The company, the largest Australian owned and controlled prime defence contractor, said the contract modification exercised an option for ordering long…

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Hazer Group and POSCO collaborate on low carbon steel

Technology development company Hazer Group has signed a Memorandum of Understanding (MOU) with Korea’s POSCO Steel to plan for the integration of Hazer’s technology into POSCO’s low carbon steel. POSCO, one of the world’s largest steel makers, and Hazer will develop a plan to integrate Hazer’s hydrogen production technology into POSCO’s low-carbon steel production. They…

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Sparc Technologies ecosparc tested on marine infrastructure

Technology development company Sparc Technologies has announced the start of trials of its ecosparc graphene coatings additive in field trials with the South Australian Department for Infrastructure and Transport. Steel piles for the department’s Streaky Bay Jetty remediation project have been delivered for blasting and coating with either the ecosparc enhanced or control coatings. Field…

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Latrobe Magnesium to raise $18m to progress magnesium production

Latrobe Magnesium has received firm commitments to raise $12.0 million from new and existing institutional and professional investors via an institutional placement and has announced plans for an entitlement offer to shareholders to raise another $6 million. The company, which recently produced what it called the world’s first environmentally sustainable magnesium oxide (MgO) from fly…

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China lifts suspension on meat processing facilities

The federal government has confirmed that China’s suspension of five meat processing establishments has been lifted with immediate effect. Eight beef processing facilities have now had suspensions lifted, while two facilities remain suspended. According to a statement from Foreign Minister Penny Wong: “We continue to press China to remove the remaining trade impediments, including for…

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Darwin manufactured roof insulation panel passes muster

Insulation panels designed and made in Darwin, Northern Territory have passed wind load test and serviceability tests at a NATA-accredited James Cook University site. NT manufacturer Arctic Installations is now preparing for volume production of its structural panels designed for demanding tropical environments. The Darwin manufacturer is part-way through a collaborative project, totalling $2.9 million…

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