Rare earths producer Lynas Corporation has successfully raised $425 million in fresh equity from investors. The company, the only major supplier outside China of rare earths used in high technology products, raised $114 million in an entitlement offer with existing shareholders. Fourty four per cent of shareholders agreed to subscribe new equity. Together with funds…
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Drone countermeasure manufacturer DroneShield has announced deals with the US Military and the forces of a South East Asian nation within the space of 24 hours. The company has received US Department of Defence funding to further develop its DroneShieldComplete command and control system. And today it revealed it had received an order for a…
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Australia and Germany have signed a declaration of intent on a feasibility study “into the potential for closer collaboration and the future development of a hydrogen supply chain”.
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Explosives group Orica’s in-line ore fragmentation measurement technology, FRAGTrack has won a Good Design award in engineering for outstanding design and innovation. FRAGTrack automatically and accurately measures rock size and fragmentation following the blasting stage in mining and quarrying. Optimal fragmentation can greatly reduce energy consumption, improve equipment productivity, and increase production rates in minesites,…
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The federal government intends to change the Export Market Development (EMDG) grants scheme, which would be available to those with revenues under $20 million, shift from reimbursement to grants, and become simpler to apply for.
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Space, communications and defence equipment manufacturer Electro Optic Systems has restarted exports of $150 million worth of weapons systems stalled by shutdowns during the Covid-19 pandemic.
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Swiss-headquartered Bucher Municipal has announced that it will acquire Richards Coach Works for an undisclosed amount.
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The current economic crisis in the wake of the COVID-19 pandemic, has exposed the decay in Australia’s manufacturing capability and highlighted the need for increased investment in innovation.
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Analysis by Peter Roberts You could be forgiven for thinking that federal and state governments have massively boosted investment in infrastructure projects to help Australia move through the Covid-19 related recession. There are seemingly daily mutterings from Canberra of big spending, coming soon…but apparently not actually coming at all. New figures from Infrastructure Partnerships Australia,…
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The Australian Manufacturing Workers Union (AMWU) has called for immediate assistance to manufacturers as more than 61,000 manufacturing jobs were lost over the June quarter. According to the Australian Bureau of Statistics labour accounts the number of full time jobs in manufacturing shrank from 941,000 in March to 880,000 in June. Underutilisation of workers –…
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