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Business
More than $3 billion has been wiped from the value of the state’s largest mining and energy companies in the past week amid tumbling global commodity markets and mixed March quarter production results in the wake of floods and China’s latest COVID-19 lockdowns.
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Business
In this week’s briefcase, Oz Minerals will trial long-distance electric trucks as part of its bid to cut emissions, Sanjeev Gupta will address an Adelaide business lunch next month and Coopers prepares to launch a new beer to celebrate its 160th anniversary.
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A desalination plant could be built in the Upper Spencer Gulf to ease reliance on existing water sources used by miners in the state’s north
In this week’s briefcase, western suburbs company Fleet Space technologies reveal plans to produce the world’s first fully 3D-printed satellites, Codan adds another company to its communications stable and aged care not-for-profits ACH and ECH unveil two separate $40 million residential projects in the northern suburbs.
Oz Minerals has played down strong copper and gold production at its South Australian mines in the September quarter in the wake of the death of a Prominent Hill worker last month.
SA miner Oz Minerals has approved a $600 million shaft expansion at Prominent Hill, which is expected to increase copper production by 23 per cent a year and extend the mine’s life until at least 2036.
