In an effort to reduce carbon emissions from the alumina refining process, global mining group Rio Tinto and Japan’s Sumitomo Corporation have announced a partnership to construct a pioneering hydrogen plant in Gladstone, Queensland. The project, coined the Yarwun Hydrogen Calcination Pilot Demonstration Program, has secured a government co-funding of A$32.1 million from the Australian […]
Australia-based Galilee Energy and Essar Exploration and Production Ltd (EEPL), a subsidiary of India-based Essar Group, have entered into a non-binding Memorandum of Understanding (MoU) to collaborate on unconventional hydrocarbon assets. The MoU signifies the intent to explore collaborative opportunities in their respective Coal Seam Gas (CSG) assets in Australia and India, which could potentially […]
In an effort to bolster Australia’s natural gas supply, Senex Energy and AGL have signed a conditional agreement for up to 42 petajoules (PJ) of natural gas, starting from January 2025. The supply will come from Senex’s proposed Atlas expansion in Queensland’s Surat Basin, pending government and regulatory approvals. However, the commencement of gas supply […]
Vaxxas, a clinical-stage biotechnology company, has announced the opening of Vaxxas Biomedical Facility, its first manufacturing facility in Brisbane, Queensland. The 60,000 square feet facility will serve as the company’s global headquarters and will aid in the scale-up of operations for the production of HD-MAP vaccines for future late-stage clinical trials and commercial products. The […]
Mayfield Childcare Limited, a childcare centre operator in Australia, has successfully completed the acquisition of two childcare centres, bolstering its presence in key operational areas. The newly acquired centres, located in Sandringham, Victoria, and Home Hill, Queensland, contribute to Mayfield Childcare’s expansion plans in Bayside and south of Townsville. The Sandringham acquisition strategically complements Mayfield […]
Retail Food Group, a Queensland-based food and beverage company, said that it has secured a capital commitment of AUD $47.4 million in the form of debt and equity capital raising. The company intends to utilize the net proceeds to help reset and improve the balance sheet as well as to explore core business and inorganic […]
Heritage Minerals will receive AUD 66 million ($46 million) loan from the Northern Australia Infrastructure Facility (NAIF) to revive the Mount Morgan gold mine, which is an abandoned gold mine in Central Queensland. The mining technology company anticipates to use the funds to rehabilitate the Mount Morgan gold mine site by building a tailings processing […]
Harmony Gold Mining Company has signed an agreement to acquire the Eva copper project in Australia alongside a package of regional exploration tenements from Copper Mountain Mining for $170 million plus contingent payments of up to $60 million. Located within the world-class North West Minerals Province in Queensland the Eva copper mine and the tenements […]
Saunders International Limited, an Australian engineering and construction company, has bagged AUD 24 million worth contracts across the group. The new projects it has won include designing and constructing a new unleaded petrol tank in Queensland, refurbishment of a fuel terminal tank in New South Wales, shutdown and refurbishment works of a paper mill in […]
PeopleIn Limited, an Australian staffing, recruitment, and workforce solutions provider, has agreed to acquire Food Industry People Group (FIP Group) in a deal worth up to AUD 70 million ($50.45 million). Based in Queensland, FIP Group is a workforce solutions provider. It is said to be among the largest providers of staff to the Australian […]