WA allocates $25 million to ‘securing the poles and wires’ through local manufacturing

The Western Australian government has pledged $25 million in funding for manufacturing related to the energy transition ahead of the Thursday state budget. According to a statement from treasurer Rita Saffioti and other ministers, the package will help diversify the state economy and “secur[e] the poles and wires” needed for the energy transition. It includes:…

Cook launches ‘Made in WA’ manufacturing plan ahead of state election

Western Australian Premier Roger Cook unveiled Labor’s manufacturing vision on Sunday at the party’s official campaign launch, promising to boost local production and provide cost of living relief if re-elected on March 8. Speaking to approximately 400 party supporters, including former premiers Mark McGowan and Peter Dowding, Cook outlined his “Made in WA” plan to…

WA attempts to lift venture capital record with $30 million co-investment program

The Western Australian government is attempting to improve its venture capital ecosystem, currently ranked second-last among all Australian jurisdictions, through a $30 million initiative intended to lure global VC funds to invest in the state. According to a description on the state government’s website, the Western Australian Venture Capital (WAVC) Initiative is open to firms…

Best of the week — the five most popular stories among readers, July 8 – July 12, 2024

What were the five biggest stories of the week? Here’s what visitors to @AuManufacturing were reading. 5) Magnetite secures Japanese support for green iron project Magnetite Mines has secured Japanese financial support for its plans to develop a massive green iron ore mine and potential green iron or steel production near Port Pirie in South Australia. The…

BHP suspends WA nickel production ‘temporarily’

BHP has taken what it calls ‘the difficult but necessary decision’ to temporarily suspend its Western Australian Nickel operation, Nickel West. The company operates open-cut and underground mines, concentrators, a smelter and refinery all located in Western Australia. The company blamed ‘significant and sustained challenges to the Australian nickel industry’, which includes a period of…