Latest Industrial Development News

Globe Metals & Mining announces the resignation of CEO Paul Smith and appoints CFO Charles Altshuler as Interim CEO, who will retain his CFO duties while steering the company forward.

Meteoric Resources has secured inclusion in Brazil’s major Strategic Minerals funding program, aiming to advance its Caldeira Rare Earths Project and downstream magnet production.

Aurora Labs has been awarded a $544,333 Defence Industry Development Grant to expand its production capabilities for gas turbine propulsion systems, reinforcing Australia’s sovereign defence manufacturing.

Theta Gold Mines has landed a US$35 million loan from South Africa’s Industrial Development Corporation, marking a key funding milestone for its TGME Underground Gold Mine Project.

CAQ Holdings Limited has successfully restructured its debt repayment schedule and secured a new RMB 6 million loan facility, positioning itself to support operational growth amid efforts to increase occupancy rates.

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.