OZ, Minmetals shake hands over sale terms

OZ MINERALS says it has agreed on commercial terms with China’s Minmetals over the proposed $US1.2 billion ($A1.6 billion) sale of its assets – with the exception of Prominent Hill and Martabe – and is in talks with lenders over further debt extensions.

OZ, Minmetals shake hands over sale terms OZ, Minmetals shake hands over sale terms OZ, Minmetals shake hands over sale terms OZ, Minmetals shake hands over sale terms OZ, Minmetals shake hands over sale terms

The diversified miner said in a statement that a formal sale implementation agreement had now been signed with the proposed transaction expected to be wrapped up in mid to late June 2009, subject to