OZ Minerals
 | |
| Company 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 | $2.1 billion (2021) |
| $1.2 billion (2021) | |
| $531 million (2021) | |
| Website | www.ozminerals.com |
OZ Minerals is a mining company based in Adelaide, South Australia.
History
OZ Minerals was formed on 1 July 2008 when Oxiana and Zinifex merged.[1][2]
In February 2009 a takeover offer by China Minmetals was recommenced for acceptance by Oz Mineral's board of directors.[3] The 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 stake in Rio Tinto planned by Chinalco, caused great public furore, adding political pressure to block Minmetals. In March 2009 the Government of Australia blocked the sale, citing national security concerns about the proximity of the Prominent Hill Mine to the RAAF Woomera Range Complex.[4] A revised deal that excluded Prominent Hill was approved in April 2009.[5]
In June 2009 China Minmetals' Australian assets were spun off to form MMG.[6][7] The Martabe gold project in Indonesia was sold to China Sci-Tech Holdings in the same month.[7][8]
In 2015, with its activities concentrated on the Prominent Hill mine and the nearby Carapateena prospect in South Australia, OZ Minerals moved its headquarters from Melbourne to Adelaide.[9][10] in 2016, OZ Minerals commenced construction of its Carapateena mine.[11]
In August 2022 BHP submitted a non-binding indicative proposal to purchase Oz Minerals.[12] The offer was rejected.[13]
Operations
Current
- Antas mine, Parauapebas, Brazil[14]
- Carrapateena mine[15]
- Prominent Hill Mine[16]
Former
References
- ^ Zinifex, Oxiana merge into OZ Minerals Sydney Morning Herald 16 June 2008
- ^ Implementation of Ziniflex/Oxiana Scheme of Arrangement Zinifex 1 July 2008
- ^ Recommended 82.5 Cents per Share All Cash Offer for Oz Minerals by Minmetals Oz Minerals 16 February 2009
- ^ Wassener, Bettina (27 March 2009). "Australia Blocks China's Purchase of Mining Company". New York Times.
- ^ China's Minmetals wins approval for Oz deal Financial Times 12 April 2009
- ^ "Minmetals launches new company amid flat demand". ABC News. 18 June 2009.
- ^ a b Tasker, Sarah-Jane, OZ gets good news with green light for gold project sale. The Australian, 26 June 2009.
- ^ OZ to sharpen Prominent Hill focus The Advertiser 30 June 2009
- ^ Richardson, Tom, State Govt attracts miner in $10m deal InDaily, 28 January 2015. Retrieved 14 September 2022.
- ^ Nicholson, Lee, Oz Minerals officially stakes its claim in Adelaide InDaily, 17 December 2015. Retrieved 14 September 2022.
- ^ Opie, Rebecca, Carrapateena Mine construction officially launched in outback South Australia ABC News, 3 November 2016. Retrieved 14 September 2022.
- ^ BHP Announces Non-Binding Indicative Proposal to Acquire OZ Minerals Limited BHP 7 August 2022
- ^ Oz Minerals rebuffs BHP's $5.8bn offer Financial Times 8 August 2022
- ^ Antas Mine OZ Minerals. Retrieved 28 January 2021.
- ^ Carrapateena Mine OZ Minerals. Retrieved 28 January 2021.
- ^ Prominent Hill Oz Minerals
- ^ a b Minmetals Succeeds in Oz Minerals Deal Minmetals 11 June 2008
