Latest Operations And Maintenance News

NEXION Group has completed the sale of its data centre subsidiary to Carrier Connect for AUD 2.5 million, marking a strategic shift to sharpen its focus on core network and AI software businesses.

Babylon Pump & Power has successfully placed over 202 million shortfall shares, raising approximately $811,728 from sophisticated investors as part of its recent entitlement offer.

Chorus Limited’s 2024 fibre regulatory report reveals a stable $5.9 billion asset base and revenue close to the maximum allowed, with a $153.5 million wash-up balance carried forward.

Hawsons Iron Ltd confirms the technical viability of a fully dry processing circuit for its Hawsons Iron Project, promising cost and environmental benefits. An updated prefeasibility study and maiden ore reserves are expected soon.

Fluence Corporation Limited reported a robust 64.5% revenue increase in Q1 2025, driven by a strategic pivot to higher-margin Smart Product Solutions and recurring revenue streams, while maintaining its full-year guidance.

Horizon Minerals has commenced processing the first ore from its Phillips Find Gold Project, marking a key milestone in its path to gold production. The joint venture with BML Ventures is progressing well, with mining operations already delivering substantial volumes.

OM Holdings Limited has reported a strong finish to FY24 with production volumes surpassing guidance and outlined robust production targets for FY25 amid shifting market dynamics in ferrosilicon and manganese.

MPower Group has finalized the conversion of a $10 million project funding facility for its Narromine Renewable Energy Project into equity, with AMPYR Distributed Energy acquiring full ownership. The move strengthens MPower's balance sheet and supports its strategic push into hybrid renewable assets.

Fluence Corporation delivered a standout Q4 2024 with revenue more than doubling prior quarters, overcoming project delays and market headwinds to set the stage for robust growth in 2025.