Latest Industrial Development News

Minbos Resources has appointed a new CEO, secured key funding tranches, and progressed construction at its flagship Cabinda Phosphate Project, targeting plant inauguration by December 2026.

Black Rock Mining has secured an extension to its US$204 million credit facility to November 2026, providing crucial runway to finalise equity funding for its Mahenge Graphite Project. Early works are nearing completion, positioning the project for construction pending full funding and Final Investment Decision.

Aurora Labs marked its commercial debut by delivering AU4 micro gas turbine propulsion systems to Sovereign Propulsion Systems, while securing a $1 million government grant to scale production and formalising a strategic defence partnership with MBDA.

Desane Group Holdings progresses key developments in Penrith and Leichhardt, with construction milestones and tenant arrangements set to boost recurring income.

Papua New Guinea’s government has taken a significant equity position in Pacific Lime and Cement’s Central Lime Project, injecting US$16.3 million and reinforcing sovereign backing for the nation’s first integrated lime and cement manufacturing platform.

Minbos Resources has cleared key shareholder hurdles to secure a US$5 million loan from Banco de Fomento Angola, aiming to complement existing project finance and accelerate its Cabinda Phosphate Fertilizer Plant development.

Minbos Resources has secured A$4 million in a discounted placement to fund key milestones at its Cabinda Phosphate Project, including mining commencement and plant construction progress.

Kinetiko Energy is progressing rapidly from exploration to production with a major onshore gas discovery in South Africa, targeting first commercial compressed natural gas by late 2027 through a phased, capital-efficient development.

Black Rock Mining has secured an extension of its US$204 million debt facility to November 2026, providing more time to finalise equity funding for the Mahenge Graphite Project in Tanzania.

Minbos Resources has secured a US$13.8 million Phase 2 construction contract with Grupo Arliz, marking a pivotal step toward completing its Cabinda Phosphate Fertilizer Plant in Angola. With key equipment already on site and funding in place, the project moves closer to operational readiness.

Minbos Resources has drawn down the first US$4.8 million from its US$16 million loan facility with South Africa’s IDC, marking a key step forward for the Cabinda Phosphate Fertilizer Plant. The company has initiated orders for critical equipment and completed Phase-1 construction, with Phase-2 contracts expected soon.

VEEM Limited has finished its factory extension and installed new machinery, setting the stage for a stronger second half of FY26 and anticipated growth in FY27 driven by defence contracts and marine propulsion innovations.