Manufacturing news briefs – stories you might have missed

Rio Tinto boosts stake in Australia’s second-largest smelter Rio Tinto has acquired Japanese conglomerate Mitsubishi Corporation’s interest in the Boyne Island aluminium smelter. It bought the 11.65 per cent interest in Boyne Smelters, which owns and operates the Gladstone, QLD based smelter, for an undisclosed sum. The acquisition follows Rio Tinto’s agreement to purchase shares in…

Rio Tinto to invest $215 million in BioIron facility

Miner and maufacturer Rio Tinto will invest $215 million (US$143 million) to develop a research and development facility in Western Australia to assess the effectiveness of its low-carbon ironmaking process, BioIron, to support decarbonising the global steel value chain. The development of the BioIron Research and Development Facility in the Rockingham Strategic Industrial Area south…

Manufacturing news briefs — stories you might have missed

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…

Fleet Space and Stanford to develop satellite mineral prospecting

Satellite manufacturer Fleet Space Technologies is to work with Stanford University’s Mineral-X programme to optimise mineral exploration drill targeting using the company’s constellation of nanosatellites now in orbit. Fleet Space has been named an industrial affiliate of the Mineral-X programme whose researchers combine deep expertise in geoscience, resource optimisation, and artificial intelligence (AI) aiming to…

$25.7 million awarded through Mid-Career Industry Fellowships

A total of $25.7 million in support for 25 Mid-Career Industry Fellowships through the Australian Research Council (ARC) has been announced, backing research with industry partners in projects including green hydrogen production, methane pyrolysis, quantum sensors and extracting rare earths from waste. According to ARC’s website, the fellowships support academic researchers “in establishing careers in…

Calix near zero emissions steel set to be cost competitive

Low emission industrial technologies developer Calix has completed a front end engineering and design (FEED) study which found the company’s near zero emission ZESTY process was cost competitive with traditional high emissions iron making. Calix told investors that the study for a 30,000 tonne per annum Zero Emission Steel Technology (ZESTY) Hydrogen Direct Reduced Iron…