Imugene raises $18.2 million from investors Clinical stage immuno-oncology company Imugene has closed the Share Purchase Plan component of its capital raising in conjunction with the acquisition of the exclusive licensing rights to the CD19-directed allogeneic cell therapy. The SPP raised a further $18.2 million for the company. Imugene’s Executive Chairman Paul Hopper said: “With…
Sanjeev Gupta’s Liberty Primary Steel has extinguished the coke ovens at the Whyallla steelworks in South Australia after more than five decades in operation. Liberty, part of the GFG Alliance, took the step on the way to decarbonising its Whyalla operations – originally built by BHP and that played a key part in Australia’s war…
World-leading grinding media manufacturer Molycop will end steelmaking at its site at Waratah, near Newcastle, and make 250 positions redundant, according to a report on Thursday morning. According to The Newcastle Herald, steelmaking would be put on “care and maintenance” in a restructure and the workforce of 540 on site reduced by 250. Molycop, which…
By Peter Roberts The LIBERTY Primary Steel steelworks at Whyalla in South Australia has unloaded its last-ever consignment of coal as the company continues its transition to green steel production. Owned by GFG Alliance, Liberty set mid September as the closure of its coal-fed coke-making ovens and the transition from a coke-fed blast furnace to…
Professional services firm GHD has been appointed as Owner’s Engineer by Green Steel of WA (GSWA) to develop the Collie steel recycling plant, which GSWA plans to have running in 2026. According to a statement from GHD on Tuesday, it will provide multidisciplinary services related to the plant’s specifications; support engineering, procurement, and construction engagement;…
Renewable energy is offering a host of new opportunities for Australian-made steel, the Minister for Industry and Science Ed Husic told the Australian steel convention. In an opening address to the annual Australian Steel Institute (ASI) convention today, Husic said Australian-made steel had a key role to play in the shift to advanced manufacturing, renewable…
Australia and New Zealand metals distributor and processor Vulcan Steel has further pared back its full year earnings forecast following higher than expected costs for the integration of the Ullrich aluminium businesses. The Australian and NZ listed company said EBITDA for the 12 months to June 2023 would be between NZ$205 to $209 million, down…
Resources giant BHP, Monash University and steelmaker China Baowu have announced that they have formed a new Industry Knowledge Centre, with its initial phase including piloting and plant-scale trials of potential carbon abatement technology for steel production. In a statement from BHP on Monday, it said it would provide $US 8 million over three years…
What were the five biggest stories of the week? Here’s what visitors to this site were reading. 5) EOS lines up cash and credit to fund growth Defence, space and communications manufacturer Electro Optic Systems has beefed up its finances achieving a net cash balance of $42.2 million as at June 30 as it expands…
University of Queensland researchers have developed a new type of sinter that could accelerate the iron and steelmaking industry’s efforts to reduce its carbon emissions. In collaboration with industry partners Rio Tinto and Shougang Group, researchers from UQ’s Sustainable Minerals Institute developed a novel sinter that is both less carbon-intensive to create and more efficient…
