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Saturday
11 September 2010
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OZ MINERALS STORIES

[377 Results - Showing Results 1 to 30]

OZ posts healthy profit


OZ Minerals has delivered a $A405.7 million net profit for the first half of 2010, thanks to a strong first half of production and buoyant copper and gold prices.
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Investors launch OZ class action


RETAIL investors have filed a class action against OZ Minerals regarding the miner’s failure to disclose the extent of its debt and refinancing woes in 2008.
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Mining Briefs: Venturex, Richmond, OZ and more


REVISED resource estimates for Venturex Resources, positive metallurgy for Richmond Mining, financial adjustments for OZ Minerals, exploration updates for Greater Bendigo Gold Mines and Avanco Resources, contract appointments by Moly Mines and new acreage for Drake Resources in Mauritania, were the main headlines in Mining Briefs today.
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OZ content with Sandfire holding


OZ Minerals boss Terry Burgess has told the Sydney Mining Club today that it is content with its equity interest in copper-gold explorer Sandfire Resources and is not looking to launch a full takeover bid for the company.
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Dryblower takes a seat at the Sandfire poker table


THE last time OZ Minerals played games with Asian investors it escaped in its corporate underpants. This time it might be different, but Dryblower is not sure whether the reborn copper company has the stomach for a full-blown bidding duel.
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OZ still on the hunt for bargains


OZ Minerals is still on the hunt for an acquisition, according to managing director Terry Burgess, even after snapping up 19.9% of Sandfire Resources this month.
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Gold production surges at Prominent Hill


A SHORTAGE of copper concentrate on the global market has strengthened OZ Minerals customer base over the past quarter, according to managing director Terry Burgess.
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Green light for Prominent Hill underground


FORMAL approval by OZ Minerals to develop a $A135 million underground mine at Prominent Hill in South Australia should see full-scale production reached by the second half of 2012, and importantly, kick up the grade onsite.
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FIRB approves Chinese investment in IMX


WITH Foreign Investment Review Board approval for a $A49 million investment by Sichuan Taifeng in South Australian miner IMX Resources and its Cairn Hill property, first iron ore shipments remain on track for the fourth quarter.
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New laterite nickel process moves closer to reality
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A SYDNEY-based nickel company is set to revolutionise the laterite space once it has proven on a commercial scale the success of its direct nickel process (DNi) in conjunction with its cornerstone technical partner Canadian outfit Teck Resources.
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OZ laps up Sandfire


OZ Minerals has acquired a 19% stake in Australia-listed copper-gold explorer Sandfire Resources to gain exposure to its high-quality Doolgunna project in Western Australia.
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Apex reaches settlement with OZ


TROUBLED gold company Apex Minerals has finalised its dispute with OZ Minerals, which will see $A3 million injected into the cash-strapped group.
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OZ puts Western Copper on hold


OZ Minerals says it won’t be able to make a decision over its Western Copper underground project until details of the federal government’s proposed resources super-profits tax are known.
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Commodity crash flows through to market


AUSTRALIAN mining companies are facing another torrid day on the exchange after commodities and markets were again hammered in overnight trading. Nickel was down as much as 16% on the London Metal Exchange, before recovering slightly towards the end of the day.
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OZ suit freed up on rule changes


THE federal government will move to free up investors to sue companies, with Corporate Law Minister Chris Bowen announcing yesterday the government would move to legislate around last year’s Federal Court decision which saw some class action suits defined as managed investment schemes.
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Bad day looms as commodities battered


MINING stocks face a bad day on the Australian bourse after commodity prices fell sharply overnight, as European exchanges were hammered on the news that Standard & Poor's ratings agency downgraded Greek government debt to junk-bond status.
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SKM bags Prominent water contract


SINCLAIR Knight Merz has been awarded an engineering, procurement and construction management contract for water supply works at OZ Minerals’ Prominent Hill copper-gold mine in South Australia.
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Port options provide flexibility for OZ


HIGHER amounts of gold-only ore from its Prominent Hill operation in South Australia will see OZ Minerals produce up to 120,000 ounces of the precious metal in concentrate over the next two years, as it reduces the gold stockpile onsite and increases shipping movements through the ports of Adelaide and Darwin.
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Mining Briefs: Catalpa, OZ, Trafford and more


CATALPA Resources says the final batch of assays from its reverse circulation drilling program at the Golden Point prospect “support the potential to expand resource ounces and increase the reserve” at its Edna May gold project.
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Hegarty’s rules live on after OZ


THE ever-resilient Owen Hegarty entertained a lunchtime crowd at the Sydney Mining Club on Thursday with his familiar display of superlatives, home-spun adages, and his own personal take on the regional mining industry.
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Copper the way forward for OZ


COPPER and a disciplined capital management strategy will be the pillars of OZ Minerals going forward, its chairman-elect Neil Hamilton says.
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Maiden resource for OZ in Cambodia


OZ Minerals has unveiled a maiden resource of 605,000 ounces of gold for its Okvau project in Cambodia.
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Geos sticking in SA
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PROSPECTS for locally trained geoscientists in South Australia are being boosted by an innovative scheme which is subsidising the wages of new graduates as well as geoscientists who were put out of work by the severe downturn in the mining and exploration sector.
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Mexican opportunity for OZ


A DEAL with OZ Minerals will accelerate exploration on one of Azure Minerals’ key projects in Mexico – its wholly owned San Eduardo property.
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2010 a year for growth


AFTER a year which saw the total value of mining merger and acquisition deals halve, the outlook for 2010 is one of cautious optimism with a return to M&A activity as a driver for growth and expansion, PricewaterhouseCoopers says.
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Directors Interests: OZ, Iron Ore Holdings, Whitehaven Coal, Platinum Australia


OZ Minerals chief executive officer and managing director Terry Burgess has snapped up $A184,600 worth of shares on-market in the copper-gold miner.
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Prominent profit for OZ


CASHED-up OZ Minerals’ only producing mine, Prominent Hill, has notched up a full-year net profit of $A203 million after successful commissioning and ramp-up in 2009.
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Executive Outcomes: OZ Minerals, Tiger Resources, Gemcom, Australian Minerals and Mining Group, Geopacific Resources


MOUNT Gibson Iron chairman Neil Hamilton is expected to take up the reins as chairman of OZ Minerals.
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OZ tips $500-520M net loss


OZ Minerals’ sole remaining production asset has returned an after-tax profit of at least $A190 million, according to the first peek at the company’s books released to the market this afternoon.
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OZ Minerals: Future still hazy
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IT is nearly eight months since OZ Minerals was reborn out of the ashes of the global financial crisis. Yet the size and shape of OZ’s future remains hazy. The Metal Detective by Stephen Bell
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