Strong gold prices matched by higher volumes has helped Adelaide-based miner Oz Minerals record a net profit after tax of $80 million for the six months to June 30.
Increased copper production at Olympic Dam has helped mining giant BHP boost its global production for the 2020 financial year.
South Australia’s mining sector is well placed to play a crucial role in helping the state’s economy recover from the COVID-19 crisis.
BHP has announced a A$7.3 billion attributable profit for the first half of the 2020 financial year, up 29 per cent on the same period last year, netting shareholders the second highest dividend in the company’s history.