Oxiana Limited

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Oxiana Limited
Public
Traded as ASXOXR
Industry Mining
Founded 1932
Defunct 2008
Headquarters Melbourne, Australia
Key people
Owen Hegarty, Managing Director & CEO
Website www.oxiana.com.au

Oxiana Limited (ASXOXR) was an Australia-based copper and gold miner and exploration company. The company's operations were located in Laos, Australia, Cyprus and the Philippines. OXR was focused on the operation and development of the Sepon copper and gold project in South East Laos, the Golden Grove copper/zinc mine in Western Australia and development of the Prominent Hill copper/gold deposit in South Australia.

Oxiana was based in Melbourne, Australia, with a focus on Asia and Australia. The company distributed a full year profit of $553 million (AUS) in 2006.

In June 2005, Newmont Australia Ltd sold on the Golden Grove Mine to Oxiana Limited for A$265 million.[1]

In February 2007 Oxiana launched a friendly takeover bid for Agincourt, this bid was accepted in April. Oxiana acquired through this the Wiluna Gold Mine, the energy company Nova with its uranium rights at Wiluna and the Martabe Gold Project in Sumatra, currently under construction.[2]

Oxiana sold on the Wiluna Gold Mine in July 2007 to APEX Minerals NL.[3]

On 18 July 2008, shareholders approved a new name for merged companies Oxiana and Zinifex in the form of 'OZ Minerals'.[4]

See also[edit]

References[edit]

  1. ^ To Acquire Golden Grove Mine from Newmont Oxiana ASX announcement, published: 24 June 2005, accessed: 11 January 2010
  2. ^ Oxiana Limited. "Agincourt takeover bid closes" (PDF). Oxiana Limited. Archived from the original (PDF) on 31 August 2007. Retrieved 2007-11-02. 
  3. ^ AAP. "Apex acquires Wiluna mine for $80.5m". ninemsn. Retrieved 2007-11-01. 
  4. ^ OZ Minerals Limited. "Vote ushers in the beginning of OZ Minerals". OZ Minerals Limited. Retrieved 2008-08-12. 

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