OZ Minerals
OZ Minerals is a mining company based in Adelaide, South Australia.
 | |
| Type | Public |
|---|---|
| ASX: OZL | |
| Industry | Mining |
| Founded | 1 July 2008 |
| Headquarters | Adelaide, Australia |
Key people | Rebecca McGrath (Chair) Andrew Cole (Managing Director) |
| Products | Copper, Gold |
| Revenue | $1.3 billion (2020) |
| $606 million (2020) | |
| Website | www.ozminerals.com |
History
OZ Minerals was formed after the merger of Oxiana Limited and Zinifex in 2008.[1][2]
In 2009, Chinese state owned China Minmetals proposed a purchase of the heavily indebted company. The Chinese proposal was one of three high-profile moves by Chinese firms to acquire stakes in the Australian mineral sector in early 2009. The China Minmetals offer along with other proposed purchases, especially the Chinalco planned stake in Rio Tinto, caused great public furor, adding political pressure to block Minmetals The Government of Australia blocked the sale, citing concerns about the location of the Prominent Hill Mine within the sensitive military area.[3] A deal not including Prominent Hill was approved, and the majority of the company was acquired by China Minmetals; the acquisitions became the company MMG.[4]
Operations
Current
- Antas mine, Parauapebas, Brazil[5]
- Carrapateena mine[6]
- Prominent Hill Mine[7]
References
- Zinifex, Oxiana merge into OZ Minerals Sydney Morning Herald 16 June 2008
- Implementation of Ziniflex/Oxiana Scheme of Arrangement Zinifex 1 July 2008
- Wassener, Bettina (27 March 2009). "Australia Blocks China's Purchase of Mining Company". New York Times.
- "Minmetals launches new company amid flat demand". ABC News. 18 June 2009.
- Antas Mine OZ Minerals. Retrieved 28 January 2021.
- Carrapateena Mine OZ Minerals. Retrieved 28 January 2021.
- Prominent Hill Oz Minerals
- Minmetals Succeeds in Oz Minerals Deal Minmetals 11 June 2008
