OZ MINERALS ANNOUNCE MANAGEMENT CHANGES

OZ Minerals is pleased to announce management appointments in the areas of Exploration and Business Development following the announcement of the departure of Tony Manini as Executive General Manager Exploration and Business Development Continue reading

OZ MINERALS HALF-YEAR FINANCIAL RESULTS TO JUNE 30, 2009

The OZ Minerals half year financial results ASX release and presentation released this morning.  A full copy of the half year financial results is available on the OZ Minerals website.

Highlights
• Strong performance from OZ Minerals’ Prominent Hill operation – A$19.4 million EBIT for the period since 1 May 2009.
• Healthy balance sheet, with cash balance of A$1,004.5 million (largely held in US$) at the end of the period.
• Profit impacted by losses on the sale of assets to Minmetals, costs associated with refinancing and transaction costs.
• Company’s financing issues resolved and all bank loans repaid in full. NB All figures in A$ unless otherwise stated. Continue reading

MINMETALS GETS AUSTRALIAN GOVT APPROVAL FOR OZMINERALS ASSETS

OZ Minerals has been advised that the Treasurer of the Commonwealth of Australia has today announced that he has approved the proposed acquisition by China Minmetals Non-Ferrous Metals Co. Ltd. (“Minmetals”) of all of the assets of OZ Minerals except for Prominent Hill (and related exploration leases), Martabe (and related exploration leases), certain exploration leases in Thailand and Cambodia and all of OZ Minerals’ listed equity investments (“Sale Assets”). Continue reading