Newcastle gets $20.7 million federal funding for Future Industries facility

Prime minister Anthony Albanese has announced $20.7 million in funding for a new Future Industries Facility at the University of Newcastle, with a focus on “accelerating resource sustainability, workforce training and productivity solutions”. According to a statement on Monday, funding for the centre is through the regional Precincts and Partnerships program, and will see two…

More coal and gas, less renewables: what a nuclear power plan for Australia would really mean

By John Quiggin, The University of Queensland Opposition Leader Peter Dutton’s plan for nuclear power in Australia has provoked a great deal of discussion and analysis – most of it critical. Experts point out the Coalition’s long-awaited modelling involves both highly optimistic costings and a massively lower demand for electricity than expected in official projections. In…

$47 million Illawarra Heavy Industry Manufacturing Centre of Excellence scheduled to open in 2027

Combined NSW and federal funding worth $47 million has been announced to establish the Illawarra Heavy Industry Manufacturing Centre of Excellence at TAFE NSW Wollongong, the third TAFE CoE announced for the state. According to a joint statement from the two governments on Tuesday, the upcoming facility will: Provide targeted training in traditional and emerging…

A few thoughts on innovation from Russell Mineral Equipment’s founder

This week Russell Mineral Equipment was announced as the National Reconstruction Fund Corporation’s first investee, with the NRFC taking a $40 million stake in the company alongside US-based private equity firm Resource Capital Funds. Earlier this year, RME was a gold award winner in @AuManufacturing‘s Australia’s 50 Most Innovative Manufacturers campaign for 2024. Below is…

Husic: NRF “on the cusp of announcing the first investments”

The main initiative serving the federal government’s 2022 election pledge to transform the nation’s industry, the $15 billion National Reconstruction Fund, is about to start investing in Australian companies, according to industry minister Ed Husic. The NRF Corporation – the independent body administering the fund – “will soon be cutting its first cheques”, according to…

Best of the week — the five most popular stories among readers, September 9 – September 13, 2024

What were the five biggest stories of the week? Here’s what visitors to @AuManufacturing were reading. 5) AIM Defence opens new anti-drone laser factory Laser-based anti-drone system maker AIM Defence has expanded into a 4000 sqm facility to support the manufacture and export of AIM’s Fractl Counter Uncrewed Aerial Systems (C-UAS) laser. The new facility will house a skilled…