News Wrap

IN THIS morning’s News Wrap: Flood sweeps Sandfire’s DeGrussa mine; Perennial locks up seed funding for $500m global resources fund; and AGL first-half profit dented by Loy Yang coal power outage.

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Flood sweeps Sandfire's DeGrussa mine

Sandfire Resources is at the centre of a mine safety investigation in WA after floodwaters broke through from an open pit into its underground mine, threatening