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Company News
ASX delays CHESS replacement again, Lynas plans $500m rare earths expansion and Orica acquires Axis
ASX Limited (ASX: ASX) has announced it is pushing back the timeline for its Clearing House Electronic Subregister System (CHESS) replacement project for a fifth time, citing “more development is required than previously anticipated” in an announcement on Wednesday. The launch of the highly-anticipated CHESS replacement project has been delayed for at least another year, […]
Magellan appoints new CEO, TPG sells mobile towers and Orica boss raises fears over energy security
Magellan Financial Group (ASX: MFG) has announced the appointment of a new chief executive officer in David George, six months on from Brett Cairns deciding to walk away from the job. Magellan chairman Hamish McLennan is full of praise for Mr George, saying he has an “outstanding investment management pedigree”. “The board was unanimous in […]
Australian Government provides $243m to aid key domestic critical mineral projects
Australia’s critical minerals sector looks set to receive a major boost with a $243 million initiative from the Federal Government announced this week. Prime Minister Scott Morrison said the government’s initiative is designed to address China’s current market dominance of 70-80% of global critical minerals production and “hold” over these supply chains. “The world is […]
Alpha HPA to establish project in Gladstone Development Area, reaches MoU with Orica
Following due diligence, Orica Australia has agreed to supply Alpha HPA (ASX: A4N) with two chemical reagents for the HPA First project, with Orica (ASX: ORI) also to purchase back the by-product. As part of the MoU, pricing mechanisms and volumes have been established, with both companies looking to enter into a definitive supply and […]