Latest Decommissioning News

Triangle Energy (ASX:TEG) and its key subsidiaries have appointed a voluntary administrator amid financial pressures linked to offshore decommissioning obligations. The move follows similar steps by related operators and signals ongoing regulatory and creditor negotiations ahead.

Nova Minerals has completed engineering and design for its Estelle antimony pilot plant in Alaska, moving swiftly into procurement and construction with equipment en route to site.

Channel Infrastructure has unlocked value from decommissioned assets while the Marsden Point Biorefinery project broadens its scope to include fertiliser production, aiming to boost New Zealand’s fuel and economic security.

Ioneer Ltd has been conditionally awarded a long-term land lease by the U.S. Army to establish a critical boron processing facility at the Tooele Army Depot in Utah, marking a significant step in securing domestic defense supply chains.

Livium is positioning its Envirostream subsidiary to capitalise on the growing battery recycling needs from Australia's booming AI data centre sector, leveraging its EPA-licensed facilities and national network.

Meteoric Resources has secured key federal endorsements for its Caldeira Rare Earth Project’s environmental licensing, keeping the Installation License on schedule for December 2026 and paving the way for a final investment decision.

Sims Limited has lifted its FY26 underlying EBIT forecast to $420-$435 million, driven by robust North American metals performance and growth in its Lifecycle Services segment amid mixed ferrous market conditions.

CleanSpace Holdings expects modest revenue growth for FY26, hindered by product certification delays and global market challenges, while maintaining a strong cash position and preparing a new respirator launch.

Nanoveu Limited (ASX: NVU) is acquiring Singapore’s Spinoff Robotics, securing proprietary drone platforms and engineering talent to integrate its AI silicon with custom airframes. This vertical integration aims to propel Nanoveu into sovereign drone solutions for defence and critical infrastructure.

National Australia Bank’s half year to March 2026 saw revenue climb 8.7% to $11.16 billion while net profit dropped 19.3%, hit by a $949 million accelerated software amortisation. Excluding this, cash earnings edged 2.3% higher, underpinned by strong business banking growth and cautious credit provisioning amid geopolitical uncertainty.

Duratec Limited has delivered its strongest half-year performance to date, reporting record revenue and gross profit across its diversified engineering and construction services. The company’s investor briefing highlighted robust order books, strategic growth in Defence and Energy sectors, and expansion into new regional markets.

Sims Lifecycle Services (SLS) has emerged as a powerhouse within Sims Group, driving nearly 40% of group earnings through strategic hyperscaler partnerships and capitalising on structural shifts in the memory market.