The Cable Management Specialist

The University of Adelaide receives $5m in funding for battery recycling training centre The University of Adelaide (UoA) is set to receive $5m in funding from the Australian Research Council (ARC) for the establishment of a new ARC Industrial Transformation Training Centre for Battery Recycling. Southern Gold’s (ASX:SAU) battery technology company IonDrive Technologies (IDT) is the key partner organisation for the training centre. Led by Professor Shizhang Qiao at The University of Adelaide, the centre aims to revolutionise Australia’s battery and resources industry by establishing advanced manufacturing capabilities for recycling mixed battery materials, promoting second life re-use and fostering a battery circular economy. IonDrive Technologies will contribute...

Longreach Mineral Exploration (Longreach) has become a successful recipient in Round 4 of the Queensland Government Collaborative Exploration Initiative (CEI) grants. As part of the economic recovery measures, the CEI encourages innovative exploration to help explorers discover new economy minerals that are of high demand in the renewable and technology sectors. A total of 25 projects have been awarded up to $200,000 each to support innovative exploration to help discover new economy minerals. Longreach plans to use the grant for its Fletchers Awl project (EPM 27423) which is located in Central Queensland. Longreach believes this area has been underexplored and that the permit area has significant potential for copper and gold mineralisation. Longreach will acquire a high resolution airborne magnetic...

Anglo American rejects second BHP proposal Anglo American has rejected BHP’s (ASX: BHP) second proposal after the latter revised the original $59.57b (£31.1b) proposal. Anglo rejected the first proposal as it “significantly undervalues Anglo American and its future prospects” and the company’s board believed it contemplated a structure which is highly unattractive for shareholders. On May 7, Anglo American received a second unsolicited, non-binding and highly conditional combination proposal from BHP. Under the latest proposal, for each Anglo American share owned, Anglo American shareholders would receive 0.8132 BHP shares and ordinary shares in Anglo American Platinum and Kumba Iron Ore (distributed in proportion to each shareholder’s interest in the...

LITHIUM will be the biggest player in the coming electric vehicle revolution, but the tech metal has fallen on tough times of late. The fall in prices, like so many of Australia’s export resources, has been dictated by China, where oversupply has led to price drops large enough to counter the stable and even rising prices in other countries. Mr Grant said over-supply has spooked the market, but also that lithium is not alone. “Everyone is talking about oversupply of 6pc spodumene concentrate, for sure,” he said. “This has crashed the price of some lower grade lithium chemical products, and most importantly, hurt market sentiment towards the entire industry. “Young developers are having a hard time raising capital for their...