PLS weighs Ngungaju restart as revenue jumps 49%

By Chloe Coutinho

Friday, 30 January 2026

NewsProjects & Operations

PLS (ASX: PLS) has flagged a potential restart of its 200ktpa Ngungaju processing plant as recovering spodumene prices helped net a Q2 revenue of $373m.

The MOU supports Metallium’s plan to develop a national network of e-waste processing facilities, strategically located near major e-waste collection hubs, rapidly expanding U.S. data centre industrial parks and regional industrial corridors with strong logistics and waste generation.

(Image source: Rio Tinto) Rio Tinto's Armando Torres and RFDS (Queensland Section) chief executive Meredith Staib at today's announcement.

Rio Tinto partners with Royal Flying Doctor Service

Rio Tinto partners with Royal Flying Doctor Service Rio Tinto (ASX: RIO) will contribute $14.675m over the next five years in a new partnership with the Royal Flying Doctor Service (RFDS) (Queensland Section). The five-year social impact partnership will focus on strengthening healthcare access and outcomes across regional Queensland. Key areas include enhancing telehealth triage capability to better prioritise patient needs, introducing podiatry services to support chronic disease care, expanding mental health support across North and Far North Queensland and improving access to culturally appropriate care by increasing the number of Aboriginal and Torres Strait Islander health...

The Energy Innovation Fund has invested $38.2m across four projects under Round 2, which will create up to 200 construction jobs, 20 ongoing jobs and unlock more than $160m of commercial investment, according to the Victoria Government.

Terang big battery to boost jobs and strengthen the grid

Terang big battery to boost jobs and strengthen the grid Victoria Energy and Resources Minister Lily D’Ambrosio visited the site of Fotowatio Renewable Ventures’ Terang Battery Energy Storage System, essential to storing Victoria’s renewable energy. The project includes a 100MWh/200MWh battery and grid forming inverter, which was made possible through a $7m investment as part of Round 2 of the Energy Innovation Fund. The project will include 38 inverters and 48 battery containers and create up to 150 jobs...

The incentives will only be provided once projects are up and running, producing hydrogen or processing critical minerals used in products like wind turbines, solar panels and electric vehicles.

Tax incentives one piece of the puzzle

Tax incentives one piece of the puzzle The Chamber of Minerals and Energy WA (CME) welcomes the introduction to Parliament of the Federal Government’s Future Made in Australia Bill, which provides substantial incentives for critical minerals processing and hydrogen production. CME chief executive officer Rebecca Tomkinson says timely passage of the legislation would implement two key budget announcements from earlier this year aimed at capturing more investment to support strategic industries. “Australia’s resources, including our critical minerals, have a key role to play in the energy transition,”...

Located about 160kms south-east of Newman, WA, the assets were previously part of the Beyondie potash project constructed between 2020-2022 by Kalium Lakes (ASX: KLL).

Reward Minerals to acquire Beyondie potash plant

Reward Minerals to acquire Beyondie potash plant Reward Minerals (ASX: RWD) has entered a $2.13m binding asset sale agreement with Kalium Lakes (ASX: KLL) for the Beyondie potash plant. This follows Reward’s previous purchase attempt for the plant in early 2024, with the company terminating the transaction, citing insufficient funds. Kalium’s operations at the plant ceased in September 2023, with the site transitioning to care and maintenance ahead of the sale. Reward will manage care and maintenance activities at the site until it is able to relocate the plant. Reward will...