Latest It Infrastructure News

Fletcher Building is dissolving its Australian Division, folding operations into two new trans-Tasman units, while targeting $15 million in annual cost savings as market challenges persist.

GPT Group and QuadReal Property Group have partnered to create a $1 billion logistics joint venture focused on Australia's east coast, aiming to expand their footprint in stabilised and core plus logistics assets.

Tempest Minerals reports promising initial metallurgical results from its Remorse Iron discovery in Western Australia, highlighting high-grade iron concentrate with low impurities. Further test results are anticipated, underpinning ongoing project development.

Bass Limited’s May 2025 AGM update highlights a strategic acquisition and capital raising to accelerate its emergence as a key Australian gas producer, focusing on Cooper Basin and Indonesian assets.

Ava Risk Group has landed a $1.1 million contract to deploy its advanced fibre sensing technology at a major ADNOC oil and gas field in Abu Dhabi, reinforcing its strategic partnership with Honeywell and its foothold in critical infrastructure security.

Southern Cross Gold has successfully closed the second tranche of its C$143 million private placement, securing nearly C$30 million to fund critical milestones at its Sunday Creek Gold-Antimony Project in Australia.

Global Uranium and Enrichment Limited is set to launch a major 38,000-metre drilling campaign at its Pine Ridge Uranium Project in Wyoming’s Powder River Basin, aiming to unlock a significant uranium resource in a leading US mining region.

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.

NRW Holdings faces a significant threat to its $113.3 million secured debt after the South Australian Government proposed legislation that could invalidate key lease agreements underpinning its security interests in Whyalla Ports.

Syrah Resources has mobilised teams to resume operations at its Balama Graphite mine in Mozambique, aiming to restart production by the end of June 2025. The company reports no major maintenance issues and is navigating financial and regulatory challenges as it prepares to meet strong market demand.

GrainCorp Limited reported robust first-half results for FY25, driven by a large East Coast Australia crop and solid operational execution, prompting an upgrade to full-year earnings guidance and an expanded share buy-back program.

Tamboran Resources reports strong progress in its Beetaloo Basin pilot project, completing key wells and securing $70 million to fund drilling and infrastructure, aiming for first gas production by mid-2026.