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Company Interview / Market Update | Santos, Magellan Financial, Cleanaway Waste Management, Monadelphous. Capricorn Metals

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Market Update | Santos, Magellan Financial, Cleanaway Waste Management, Monadelphous. Capricorn Metals

Company Interview04 Jul, 2025

Santos (ASX: STO) has signed a LNG supply contract with QatarEnergy... Santos is expected to supply half a million tonnes of liquefied natural gas per annum over a period of two years from 2026. Santos CEO Kevin Gallagher has also added that the company continues to see strong demand in Asia.

Magellan Financial Group (ASX: MFG) posted net outflows of $200 million for the month of June, while the fund will pay distributions of $500 million in July. Magellan says it's entitled to estimated performance fees of about $11 million for the previous financial year.

Cleanaway (ASX: CWY) rising after the ACCC cleared its $377 million acquisition of Contract Resources, which was announced in March.

Mining services company Monadelphous (ASX: MND) has won new contracts worth more than $100 million with Technip Energies for the provision of services associated with the commissioning of Shell's Crux platform off the West Australian coast. Work on the platform, some 600km north-east of Broome, is expected to be completed in late 2026.

Capricorn Metals (ASX: CMM)has reported production of more than 32,000 ounces of gold in Q4, with the annual gold production reaching more than 117,000 ounces. The company's cash and gold on hand at the end of the June quarter was $356.4m

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Market Update | Santos, Magellan Financial, Cleanaway Waste Management, Monadelphous. Capricorn Metals - Ausbiz Capital