OZ Minerals Limited declared that output from Australia’s giant Century zinc mine dipped 1.8% to 101,961 tonnes of contained metal in the Q1 from 125,333 tonnes in the previous quarter. It declared that the fall was due to wet weather. For full story, click here
OZ Minerals Ltd., the world’s second-leading zinc mining company, climbed 7.1 percent to 67.5 cents, the highest since Nov. 18. For full story, click here
China Minmetals, the nation’s biggest metals trader announced that it has agreed to purchase most of debt-laden OZ Minerals’ mines for $2.15 billion after Australia last week blocked a takeover on national security grounds. For full story, click here
Shares in troubled mining house OZ Minerals Ltd declined 11% today in what was one of Australia’s most positive share trading days this year - primarily due to fears that the rescue package by China’s parastatal Minmetals may be delayed. For full story, click here
European zinc producers are preparing to make further production cuts to handle growing supply glut and weak prices, world No. 2 producer OZ Minerals Ltd said on friday. For more information, click here
OZ Minerals, zinc miner, fell 14% to 63 cents after saying profit will fall this year as metal prices fall and costs rise. For full story, click here
Oz Minerals Limited has advised Legend Mining Limited of it’s decision to not proceed further with the Mt Gibson JV. Oz Minerals met the first phase, minimum expenditure requirement of A$1.2M through geological/geochemical activities and a diamond drilling programme of approximately 3,000m. For full story, click here
Decline in zinc prices has pushed OZ Minerals’ Century mine in Queensland into loss-making zone. The company is considering whether it should cut production or defer a life-extending waste rock removal program. Managing director Andrew Michelmore, OZ Minerals, said: There are a lot of people who are much higher on the cost curve (Century is about [...]
Australian analysts are predicting that OZ Minerals will benefit from a combination of increased copper production and steadier zinc prices and rebound is in store over the next 12 months. For full story, click here
OZ Minerals reported Chinese companies might be interested in investing in the company due to the latest decline in its share price. Peter Lester, executive general manager of OZ Minerals, was quoted as saying: We’d have to be juicy for them For more news, click here
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