OZ's

The deal, OZ's largest 100% acquisition since it emerged from the wreckage of the merger between Oxiana Ltd. and Zinifex Ltd. after the global financial crisis, could more than double the company's resources of copper and gold and consolidate its land holdings in the Gawler Craton, a geological region of South Australia which also holds OZ's main Prominent Hill asset and BHP Billiton Ltd.'s massive Olympic Dam mine.

OZ Minerals Buys Copper Project David Fickling 2011

The mine is expected to last just another eight years, making fresh discoveries essential to OZ's ongoing profitability.

OZ Minerals to Launch Buyback as Costs Fall David Fickling 2011

Mergers and acquisitions have roiled the copper sector in recent months, with OZ's peer Equinox Minerals Ltd. acquiring Citadel Resource Group Ltd. for 1.25 billion Australian dollars (US$1.26 billion) last year and launching a 4.8 billion Canadian dollar (US$4.94 billion) bid for Lundin Mining Corp. last week.

OZ Minerals Buys Copper Project David Fickling 2011

The deal could be renegotiated: But Minmetals won't get its hands on OZ's key mine -- on land used for weapons testing.

China Feeling a Chill From Down Under 2009

Minmetals is buying all of OZ's assets, apart from the Prominent Hill mine in South Australia state and the Martabe project in Indonesia.

OZ Minerals Gets Closer to Asset Sale 2009

The proposal is an alternative to OZ's planned $1.2 billion asset sale to state-controlled China Minmetals Corp.

China's Resource Quest Faces New Hurdles 2009

But Australian Treasurer Wayne Swan last month blocked the deal, citing the proximity of OZ's Prominent Hill mine to a military zone.

OZ Minerals Deal Cleared 2009

In its independent expert report on the deal before the revised offer, corporate advisory firm Grant Samuel valued the assets being sold to Minmetals at between US$1. 4 billion and US$1. 6 billion but said that the deal was still in the best interests of shareholders given OZ's debt woes.

OZ Minerals Gets Closer to Asset Sale 2009

Minmetals is set to acquire most of OZ's mining assets, apart from its Prominent Hill mine in South Australia state.

Minmetals Bid is Best, Says Oz CEO 2009

Once the mine kicks in, copper will account for about half of OZ's revenue, the company forecasts.

Could OZ Find Its Heart? 2008