Robotic technology company FBR has launched a new automated welding robot called Mantis, targeting the mining, shipbuilding and defence industries, according to an announcement on Monday. The Perth-based company said Mantis uses its proprietary Dynamic Stabilisation Technology, originally developed for the Hadrian X bricklaying robot. The welding robot features an 8-metre reach and can operate…
Austin Engineering announced on Wednesday it had increased guidance for FY25 revenue to approximately $370 million, up from the $350 million forecast in February, but revised underlying EBIT guidance down from approximately $50 million to circa $41 million. The engineering company said revenue was expected to be up by approximately 18 per cent versus FY24…
Mill relining systems manufacturer Russell Mineral Equipment (RME) appointed Simon Thompson to the role of Chief Engineer, the company announced on Sunday. Thompson, who will officially commence in the role on 26 March, brings more than a decade of experience in the mining machinery original equipment manufacturer sector. He joined RME in 2018 as Global…
Mining equipment manufacturer Austin Engineering has received purchase orders for 17 heavy load haul truck trays from a tier one iron ore producer in India, its first in this prospective market. The orders for the ULTIMA trays will form part of a tray replacement programme with a service life of approximately four years. Austin’s expectation…
Minerals processing equipment manufacturer Gekko Systems has launched the Wolff Batch Centrifugal Concentrator (Wolff), a technology designed to transform gold processing by utilising ‘dirty’ water. This ‘first of its kind’ innovation enables mining companies to recycle water efficiently, addressing water stewardship while reducing maintenance costs and requirements, according to the Ballarat, Victoria company. In some…
Rhythm receives R&D tax incentive refund Predictive cancer diagnostics technology company Rhythm Biosciences has received multiple tranches of its research and development tax incentive (RDTI), totalling $3.23 million. This total is made up of approximately $1.24 million in relation to FY23, being a second tranche of funds following the submission of an amended FY23 tax…
Mining equipment manufacturer Austin Engineering has won more than 100 orders for new min truck trays at its Chile business in the first three months of FY25. The orders are collectively worth $35 million and represent significant, and potentially ongoing incremental business over the previous year, according to the company. The bulk of the purchase…
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 equipment company Austin Engineering has announced a revised remuneration package for its CEO and Managing Director David Singleton this financial year, and that Singleton will remain in his role until June 30, 2025. In a statement on Monday, the Perth-headquartered company – which manufactures large dump truck bodies and other equipment for the mining…
Cyclopharm raises $20 million, seeks another $2 million Radiopharmaceutical imaging company Cyclopharm has successfully completed its institutional placement, raising $20 million before costs. The Placement attracted strong demand from both existing shareholders and from new institutional and sophisticated investors in Australia, Hong Kong, and the UK. A share purchase plan to raise up to $2.0…