One of the most ambitious renewable power projects globally has moved a step closer with Sun Power signing an agreement with the Northern Territory to facilitate its planned Australia-ASEAN power link (AAPL). Sun Cable will prepare a Territory Benefits Plan, including an Aboriginal workforce development plan and local participation strategy, for its plan to supply…
Lynas Rare Earths pushed ahead with the construction of its new Kalgoorlie cracking and leaching plant during a December quarter which also saw record sales revenue of $119.4 million. The Perth company told investors that neodymium and praseodymium (NdPr) production during the quarter was 1,367 tonnes, up from 1,342 tonnes in the previous corresponding period.…
Sleep apnoea technology company ResMed boosted revenue by nine per cent and net operating profit by 12 per cent during the quarter ended 31 December as product sales and digital health businesses prospered during the Covid-19 pandemic. The US-Australian listed company reported revenue of $1.04 million (US$800 million) and net income of $233.98 million, up…
Steelmaker BlueScope has powered ahead with the recovering global economy reporting preliminary unaudited earnings before interest and tax (EBIT) for the first half of around $530 million, up on previous estimates of $475 million. Managing director Mark Vassella said all segments of the group’s business performed well in the six months to December with margins…
Downer Defence Systems (DDS) has partnered with Urban Circus, EPE, and Boeing offshoot Insitu Pacific to develop the autonomous Muskito military vehicle (pictured). DDS has been announced as prime systems integrator for the velicle, a Counter Improvised Explosive Device (CIED) concept that will use autonomous systems and machine learning. Once an explosive threat is detected,…
Disruptions to export logistics chains hit Canberra defence, space and communications manufacturer Electro Optic Systems in December. The company told investors today that planned shipments in December exceeded any other month, making ‘the outcome for the full year unusually dependent on activity in the final weeks of December. “The affected revenue, for which costs had…
A team from RMIT has developed a method to make concrete with improved strength out of recycled materials, and is seeking precast concrete manufacturers to test prototypes.
Bootmaker RM Williams will reshore those parts of its manufacturing operations currently overseas, according to media reports. The AFR reported iron ore billionaire Andrew Forrest as saying he would spend ‘whatever it takes’ to return 35 per cent of production currently overseas to our shores. RM Williams makes its iconic bushman’s boots and belts at…
Australia’s Sentient ViDAR system has won a contract for test and development by global defence giant Lockheed Martin for rotary intelligence, surveillance and reconnaissance (ISR) capability. The program opens the door to export opportunities and integration with the company’s Sikorsky MH-60R & Lockheed Martin sensor suites. Locally developed by Melbourne’s Sentient Vision, Sentient ViDar (Visual…
China’s punitive tariffs on Australian wine have slashed wine exports to the middle kingdom to a trickle. Australian makers sent only $3.5 million worth of wine to China in December, down from $162.9 million in October according to figures from the Australian Bureau of Statistics. Red wine exports fell from $159.9 million in October to…
