Mining equipment manufacturer Austin Engineering has continued its run of strong sales and profit increases in FY24, announcing underlying EBITDA up 48.9 percent to $46.6 million on revenue up 21 percent to $313.2 million. As the company continued its improvements driven by its Austin 2.0 programme begun in 2021, Austin reported a statutory NPAT of…
Mining and energy company Fortescue’s hydrogen-powered haul truck prototype, dubbed ‘Europa’ by the company, has arrived in the Pilbara region of Western Australia where it will undergo site testing. The Liebherr T 264 haul truck will be tested in a real-life mining environment at Christmas Creek, informing decisions on the company’s future fleet of zero…
@AuManufacturing and Epicor have assembled a group of manufacturing leaders to discuss how they navigate and prosper in times of rapid change in technology, the digitisation opportunity and the ups and downs of the economy. To survive and prosper manufacturers are doing something right – in Lessons in Resilience, you will hear how from three…
Robotics Australia Group and remote operations group AROSE have combined with the aim of strengthening Australia’s robotics and automation ecosystem. AROSE Director Space & Resources Michelle Keegan recently led the largest mining and METS sector mission to the NASA Ames Research Center in California’s Silicon Valley. The mission showcased the innovative approaches to exploration, novel…
Mine mill relining systems original equipment manufacturer (OEM), Russell Mineral Equipment has launched a global campaign celebrating the company’s upcoming 40-year anniversary. RME Founder, Executive Chairman and Chief Engineer Dr John Russell said in a statement that the anniversary was as an opportunity to express his gratitude for the colleagues, customers and suppliers who helped…
IDT Australia to raise $7 million for mRNA vaccine production Pharmaceutical manufacturer IDT Australia is to raise $7 million a fully underwritten entitlement offer of fully paid ordinary shares to eligible shareholders. The funds raised will be used to fund capital expenditure relating to current and potential future works in the mRNA therapeutics field including…
Electrical engineering manufacturer Ampcontrol has launched a new electric vehicle charger designed to support the electrification of the mining industry, the Ampcontrol MegaWatt Charger (pictured). The company, which showcased the new charger at The Electric Mine show being held in Perth, said the device was a solution that made electrifying mining operations a reality. The…
Increased copper production in Chile and the positive outlook for copper are driving growth of the Chilean business of mining equipment manufacturer Austin Engineering. The Perth company told investors that Austin Chile had won a $2.5 million order for a full Cat 7495 dipper bucket for a local customer – a product it acquired with…
Applications have opened for grants worth between $50,000 and $300,000 through the Queensland government’s $2.67 million Mining Equipment, Technology and Services (METS) Collaborative Project Fund. Grants cover up to half of eligible project costs to assist teams “to innovate and collaborate to develop projects to address environmental and safety challenges facing the resources sector”. Funding…
Mining equipment manufacturer Austin Engineering has revealed it has been awarded purchase orders for significant previously anticipated programmes that will contribute to a growing order book for the current and subsequent financial years. Austin in Chile has been awarded the first tranche of purchase orders for OEM style truck trays worth circa $7 million to…
