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Business
Adelaide-based Core Lithium has struck a deal with electric carmaker Tesla to supply it with up to 110,000 tonnes of refined battery material from its Northern Territory mine, which will begin commercial production this year.
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Business
Adelaide technology company Codan has delivered a record first-half profit of $50.1 million despite a fall in metal detector sales.
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A merger between Santos and Oil Search has been approved, creating a ‘regional champion’ in the oil and gas industry with a value of $21 billion.
Construction materials and lime producer Adbri has continued its recovery with a $56.6 million net profit after tax for the first half of 2021 but the Adelaide-based company has warned of declining sales in the coming months, causing its share price to lose more than 8 per cent.
Commentary from major listed companies as reporting season gets into full swing this week will provide valuable insights into the business impact of lockdowns in the eastern states, according to Adelaide’s Argo Investments.
Santos has reported a six-month profit to June 30 of $482 million (US$354 million) on the back of record production, record sales volumes and rebounding oil prices.
