Proposed Cleanaway acquisition of Contract Resources not opposed The Australian Competition and Consumer Commission (ACCC) said on Friday that it will not oppose Cleanaway Waste Management’s proposed acquisition of Contract Resources Group. According to the statement from the commission, both companies supply a range of industrial services in Australia, including maintenance and cleaning of industrial facilities…
Researchers in crystal elasticity breakthrough Scientists from University of Queensland and Queensland University of Technology have gained new insights into the fundamental behaviour of flexible materials, allowing for the design of new building materials and technology, according to a statement from UQ. According to the statement, researchers have identified the origin of the restoring force…
The NIOA Group’s New Zealand division has held an official opening at its Christchurch office, its new headquarters in the country after relocating from Auckland. According to a statement from the firearms, weapons and munitions company on Wednesday, the new office, warehouse and distribution centre at Rolleston will be its central hub in NZ, where…
BHP sets new copper smelting records BHP has set new records for smelted copper production at its South Australian copper mines centred on the Olympic Dam mine, concentrator and smelter. The company achieved record copper mined and concentrate smelted at Olympic Dam in FY24 production was up by 39 per cent to 322kt in the…
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…
NIOA Group CEO Robert Nioa has called for swift action to boost Australia’s defence industry so it could play a part in a future Indo-Pacific allied military force. Speaking to the American Chamber of Commerce (AmCham) Queensland Nioa said decisive action was needed due to a ‘palpable’ escalation of geopolitical tensions. Nioa recently inked an…
Mesoblast secures FDA approval for heart disease treatment Biotechnology company Mesoblast has secured US Food and Drug Administration (FDA) approval for its Revascor heart disease treatment. The FDA issued a rare pediatric disease (RPD) designation for Revascor following submission of results from a trial in 19 children with hypoplastic left heart syndrome (HLHS). Revascor is…
What were the five biggest stories of the week? Here’s what visitors to this site were reading. 5) Australian government, Hanwha sign IFV contract The federal government has signed contracts with Hanwha Defense Australia for 129 locally built Redback infantry fighting vehicles, to be built in Geelong for the Australian Army. Hanwha was announced as…
Australian owned munitions manufacturer NIOA Group has taken up a tenancy at the United States Army’s Joint Centre of Excellence for ammunition and weapons, Picatinny Arsenal in New Jersey. The further expansion into the US follows NIOA’s 100 per cent acquisition earlier this year of Tennessee-based Barrett Firearms, and shows a determination to significantly enter…
Australian-owned defence prime NIOA has signed an agreement with US rocket and hypersonics company Aerojet Rocketdyne to explore the manufacturing of critical guided weapons components in Australia. The agreement anticipates the future assembly and manufacture of rocket motors, boosters and warheads for munitions within the Aerojet Rocketdyne portfolio which covers a wide range of weapons…