The federal government has provided debt financing to the massive Nolans rare earths project, 135 kilometres from Alice Springs in the Northern Territory. Arafura Rare Earths announced that the federal government would provide conditions debt finance of US$533 million to catalyse the project’s remaining debt raising. As reported in @AuManufacturing, Arafura is advancing enabling works…
Commissioning has been completed and production ramp up is underway at Lynas Rare Earths new Kalgoorlie Rare Earths Processing Facility in Western Australia (pictured). Staff from the company’s Malaysian value-added metals production facility, which has been closed while capacity is increased to 10,500 tonnes of Neodymium and praseodymium (NdPr) per annum, are in Kalgoorlie assisting…
Cobram Estate now the US’s biggest producer of olive oil Cobram Estate Olives has likely become the largest olive oil producer in the United States following strong growth seen in the just completed 2023 Californian harvest season. The company saw the production of 3.2 million litres of olive oil, 89 percent higher than 29022’s harvest…
Lynas Rare Earths has been given a reprieve by Malaysian authorities with a decision announced to update its license to import radioactive Lanthanide concentrates from its Mt Weld mine in Western Australia into Malaysia. The ore which is destined for its Malaysian metals production plant, has been subject to a long running campaign by environmentalists…
Lynas Rare Earths is preparing for various outcomes of its long running battle to maintain its license to import Lanthanide concentrates from its Mt Weld mine in in Western Australia into Malaysia. The ore which is destined for its Malaysian metals production plant, is radioactive and subject to a long running campaign by environmentalists and…
Austin powers ahead on benefits from revamped manufacturing Perth mining equipment manufacturer Austin Engineering has reported an EBITDA of $31 million for FY23 on revenue up 27 percent on the previous year to $258 million. Operating cash flow for the year was $15.8 million, up 236 percent, with the company ending the year with an…
Australia’s largest producer of critical minerals Lynas Rare Earths has has today signed a follow on contract with the United States (U.S.) Department of Defense (DoD) for the construction of the Heavy Rare Earths component of the company’s Texas facility now under construction. The contract is an expenditure-based contract under which all of Lynas’ properly…
Arafura Rare Earths pushed ahead with engineering work and construction of its giant Nolans rare earths project in the Northern Territory in the latest quarter despite a softening market for the critical metals. The neodymium and praseodymium (NdPr) price declined 17 percent during the quarter from US$76 per kg to $63 due to demand weakness…
Iluka Resurces has continued to progress during the latest quarter its rare earths production plant at Eneabba in Western Australia (pictured), the country’s first fully integrated refinery for the production of separated rare earth oxides. Supported by a $1.25 billion non-recourse loan to Iluka under the federal government’s Critical Minerals Facility, bulk earth works and…
By Peter Roberts I have just been reminded by a former colleague of the bad old days when policy, any policy, favouring manufacturing was seen as protectionism and picking winners. Those times lasted for decades, with the Productivity Commission and the Coalition weaponising the words against manufacturers. My former colleague asked: what government policy is…
