Latest It Infrastructure News

Spark New Zealand is selling 75% of its data centre business to Pacific Equity Partners for up to $705 million, aiming to accelerate capacity expansion amid rising cloud and AI demand.

SGH Ltd reported solid FY25 results with EBIT rising 8% to $1.54 billion, supported by strong performances in Boral and WesTrac, alongside a 49% surge in operating cash flow. The company projects continued earnings growth in FY26 amid disciplined capital management and operational improvements.

SGH Ltd reported solid FY25 results with 8% EBIT growth, margin expansion, and a 17% dividend increase, setting a confident tone for FY26. The diversified industrial services group demonstrated robust cash flow and reduced leverage despite mixed divisional performances.

Vertex Minerals has initiated underground mining at its Reward Gold Mine, marking a significant shift to high-grade gold extraction. The company is progressing steadily with infrastructure and mining fronts to sustain continuous production.

Zeotech Limited has secured a binding offtake term sheet with MSI, granting exclusive rights to supply and market its kaolin products across key Asian markets, underpinning its Toondoon Kaolin Project development.

Cyclone Metals Limited has completed a comprehensive Scoping Study for its Iron Bear magnetite project in Canada, revealing strong economic potential and a strategic funding partnership with Vale S.A. The study outlines multiple production scenarios and highlights the project's alignment with low-carbon steelmaking trends.

PM Capital Global Opportunities Fund Limited reported a robust 33.98% rise in profit after tax to $168.2 million for FY25, alongside a raised fully franked final dividend of 6.0 cents per share. The fund’s portfolio outperformed key benchmarks, reflecting strategic positioning amid structural global economic changes.

Santana Minerals has raised A$63 million through a fully underwritten placement and a Share Purchase Plan to fast-track development of its Bendigo-Ophir Gold Project, attracting strong support from international and domestic investors.

Barton Gold Holdings has commenced diamond drilling at its Tolmer prospect, unveiling some of the highest-grade silver and gold intersections globally in 2025. This program aims to deepen structural understanding and unlock further exploration potential across a 1.5km mineralised footprint.

Provaris Energy has launched a fully funded Front End Engineering Design phase for its proprietary large-scale liquid CO2 tanks, backed by Yinson. The move signals growing market interest in scalable carbon capture shipping solutions, especially across Asia.

DroneShield launches SentryCiv, a subscription-based AI-powered counter-drone solution designed to protect civilian critical infrastructure from emerging aerial threats.

Victory Metals Ltd has announced a substantial upgrade to its North Stanmore Heavy Rare Earth Element Project, increasing the mineral resource by nearly 30% and revealing some of the highest heavy rare earth element ratios recorded in Australia.