Business
Santos has reported a $460 million ($US357) loss for 2020 amid significantly lower oil and gas prices and lagging global energy demand due to the COVID-19 pandemic.
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Santos has delivered record oil and gas production and sales volumes in the September quarter. But despite the production boom, the struggling world oil price has kept its sales revenues down by more than 20 per cent on this time last year.
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.
SA listed companies have gained ground on the Australian Securites Exchange in the first five weeks of the new financial year as the volatile market inches back from March’s pandemic cliff.
South Australian copper miner Oz Minerals has signed a deal with Sanjeev Gutpa’s Whyalla Port to export concentrate from its new Carrapateena mine.
