Latest Industrial Development News

VEEM Limited has been awarded $2 million in government grants to enhance its manufacturing capabilities for critical naval components, supporting Australia's nuclear submarine and defence programs.

Brazilian Rare Earths Limited has secured a strategic partnership with SENAI CIMATEC to co-develop a rare earths laboratory and pilot plant in Bahia, Brazil, backed by significant funding and aimed at advancing processing capabilities ahead of production.

Kinetiko Energy has spudded a new production test well in South Africa, aiming to unlock a substantial 6.0 TCF conventional gas resource that could ease the country’s energy crisis. Optimized drilling techniques are expected to overcome earlier flow challenges, accelerating the path to commercial gas production.

MC Mining reports steady progress on its Makhado hard coking coal project with key construction milestones met, while Uitkomst Colliery faces production setbacks and rising costs amid depressed coal prices.

BPH Global Ltd has raised $609,000 through a targeted placement and made significant strides in its Indonesian seaweed venture, including binding offtake agreements and R&D breakthroughs on mineral extraction.

Kinetiko Energy reports encouraging progress in South African gas exploration, with improved well performance and a drilling optimisation study revealing key production enhancements.

Mirvac Group reported a surge in residential sales and advanced capital partnerships for major developments, reaffirming its FY25 earnings guidance amid strong leasing and occupancy across its portfolio.

Renergen Limited reported a near doubling of revenue driven by increased LNG production and prices, yet its loss after tax more than doubled due to commissioning costs and higher depreciation. The company has begun commercial liquid helium sales and is navigating funding challenges and ongoing litigation.

Magnetite Mines has submitted a key Mining Lease Proposal for its Razorback Iron Ore Project and is progressing strategic funding agreements, including a $7 million convertible note facility. The company also filed a provisional patent for a novel saline water processing method, underscoring its technical innovation in green iron production.

Dexus has reported a statutory net profit of $10.3 million for the half-year ending December 2024, rebounding from a significant loss last year, while maintaining strong portfolio occupancy and confirming steady distributions.

Kinetiko Energy reports sustained and improving gas flows from its South African test wells, prompting a drilling optimization study to enhance recovery and support future production.

Mayur Resources has locked in $11.2 million in funding from Pacific Unison to kickstart production at its Orokolo Bay Industrial Sands Project in Papua New Guinea, targeting 500,000 tonnes of magnetite annually by late 2025.