BlueScope’s weak US sales hit profit Steelmaker BlueScope has cut expectations for 1H VY24 EBIT to be in the range of $620 to $670 million, down from previous guidance of $700 to $770 million. The main driver of the change is the company’s US North Star operation, which is now expected to be half the…
HEX20 announces partnership with ispace and Skyroot Aerospace Adelaide-based smallsat company HEX20 has announced a strategic partnership with India’s Skyroot Aerospace and Japan’s ispace, “to leverage the combined technical prowess and regional networks of the three pioneering companies.” Lloyd Lopez, CEO of HEX20, said an MoU formalising the partnership was signed at the 74th International…
The Western Australian government has awarded remote energy generation company Pacific Energy $2.4 million in funding through the Investment Attraction Fund, which the company says will be used to strengthen its renewable energy division’s manufacturing operation and diversify the state’s economy. Pacific Energy said in a statement on Tuesday that the grant recognises its “ability…
Western Australian Premier Roger Cook has signed a Plan of Action with Indonesia’s Chamber of Commerce and Industry (KADIN) during the Republic of Indonesia President Joko Widodo’s visit to Australia. The agreement will further strengthen Western Australia’s economic ties, trade, and supply chain opportunities with Indonesia, including cooperation in critical minerals sectors. It follows the…
The Western Australian government has streamlined the approvals process for green energy projects, with a new pathway for environmental assessments set to reduce project approval timeframes. The $22.5 million commitment announced last year will overhaul the State’s approach to environmental approvals while delivering coordinated, cross-government support for proponents and investors. The Green Energy Approvals Initiative…