Australia’s original lockout tagout manufacturer since 1992

Fortescue takes lead investor role in Electric Hydrogen’s Series C funding round Fortescue (ASX:FMG) has taken the lead investor role in Electric Hydrogen’s (EH2) $598m (US$380m) Series C funding round. While FMG hasn’t disclosed how much its investment was, it was completed in June 2023. Fortescue Energy chief executive Mark Hutchinson says the company is committed to supporting the rapid scaling of green technology to help heavy industry decarbonise. “Right now there are not enough electrolysers in the world to support the amount of green hydrogen we are set to produce,” he said. “That is why we are partnering with other world leaders in this space to secure our green energy supply chain, and we’re excited to invest and secure...

BHP and Hedland Maritime Initiative offering short-term leases in Port Hedland BHP (ASX: BHP) and Hedland Maritime Initiative (HMI) have partnered to make 12 new properties available for short-term lease in Port Hedland’s West End in WA. This will address the lack of affordable short-term accommodation in the area. HMI acquired the properties under the Port Hedland Voluntary Buy-Back Scheme (PHVBS). A $259k donation from BHP will provide brand new furniture and get them ready for their first lease through local realtor Hedland First National. The properties will be able to be leased for periods from five days up to...

Anglo American responds to $59b BHP offer Anglo American has confirmed it has received an unsolicited, non-binding and highly conditional proposal from BHP (ASX: BHP). BHP confirmed that on April 16, 2024, it made a proposal to Anglo American’s board of directors comprising an all-share offer for Anglo American. Under the proposal, Anglo American shareholders would receive 0.7097 BHP shares for every Anglo share, plus ordinary shares in Anglo American Platinum and Kumba Iron Ore. The deal represents a value of $48.04 (£25.08) per Anglo American share, $9.31 (£4.86) in Anglo Platinum shares and $6.51 (£3.40) in Kumba shares, valuing Anglo American’s share capital of $59.57b (£31.1b). The proposal...

MacMachon agrees to sell Dawson South equipment, nets about $44m MacMahon Holdings Limited (ASX: MAH) has agreed to sell a substantial portion of its remaining mobile equipment fleet at Anglo American’s Dawson South project, resulting in about $44m in net cash inflows for the mining services company. Macmahon was awarded a three-year $200m surface mining contract at the open cut metallurgical coal mine in July 2021, with the parties currently negotiating a new contract to commence on or before 1 July 2024. Dawson South forms part of the Dawson mine in the southern end of the Bowen Basin in Central Queensland, one of Australia’s longest-established coal mines....