- OZ Minerals
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OZ Minerals Type Public Founded 2008 (merged entity) Headquarters Melbourne, Australia Key people Terry Burgess MD & CEO Website http://www.ozminerals.com OZ Minerals (ASX: OZL) is an Australian mining company, formed from the merger of Oxiana Limited and Zinifex in 2008.
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 Australian government blocked the sale on 27 March 2009, citing concerns about the location of the Prominent Hill Mine within the sensitive military area.[1] A deal not including Prominent Hill was approved, and the majority of the company was acquired by China Minmetals; the acquisitions became the company Minerals and Metals Group (MMG).[2]
OZ now has only one major asset (Prominent Hill), but the sale more than eliminated the Company's debts, giving it cash in hand for operations.
See also
- Golden Grove Mine
References
External links
Gold mining companies of Australia Active Defunct Great Central Mines · Normandy Mining · Oxiana Limited · Sino Gold Mining · Sons of Gwalia · WMC Resources · Hill 50 Gold Mines LtdMining companies of Australia Adelaide Brighton Cement · Allegiance Mining · Alumina · Aquarius Platinum · BHP Billiton · Bougainville Copper · Compass Resources · Copper Mines of Tasmania · Energy Resources of Australia · Fortescue Metals Group · GRD · Hancock Prospecting · Iluka Resources · International Ferro Metals · Laguna Resources · Macarthur Coal · Macmahon Holdings · Magellan Metals · Marathon Resources · Marston · Minara Resources · Mineralogy · Minerals and Metals Group · Mount Lyell Mining and Railway Company · New Hope Coal · Newcrest Mining · OZ Minerals · Orocobre · Paladin Energy · Pilbara Iron · Rio Tinto Aluminium · Rio Tinto Group · Tiwest Joint VentureCategories:- Companies listed on the Australian Securities Exchange
- Mining companies of Australia
- Copper mining companies
- Gold mining companies of Australia
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