Oz Minerals Mining News

Data scientists and geoscientists offered A$1m to predict next big mineral deposit in South Australia

The idea is to speed up the exploration lifecycle and allow miners to analyse information at a much faster rate than before.

OZ Minerals asks – can open data and A$1m change exploration?

Explorer Challenge is a crowdsourced challenge offered by OZ Minerals to peruse over their project data and pinpoint the most promising drill targets.

Oz Minerals annual profit slips but Prominent Hill project outperforms

The copper-focused miner posted a 1 percent drop in underlying net profit after tax.

OZ Minerals to complete Brazil-focused Avanco takeover

OZ Minerals has announced that it has a relevant interest in Avanco of more than 90%, which means the company will now “compulsorily acquire” all of the remaining shares and acquire the fellow copper producer entirely.

OZ Minerals closer than ever to grabbing Brazil-focused Avanco

The takeover offer, which expires next week, offers great exploration potential because Avanco owns a vast landholding in the copper and iron ore-rich Carajás region, second only to giant Vale.

Next phase at one Australia’s largest copper-gold projects gets OK’d

Permit allows Oz Minerals to start phase two of construction at Carrapateena copper-gold project, in South Australia, this month.

Copper price: 120% premium for Brazil junior another bullish sign

Oz Minerals offers top dollar for Avanco which boasts top private equity players and Glencore as major shareholders.

OZMin says first copper from Carrapateena in 2019

OZ Minerals (ASX:OZL) is betting big on copper with plans to begin mining ore at its Carrapateena underground mine by 2019.

Copper to come back up way before iron ore does: OZ Minerals

The company, Australia’s third-biggest copper producer, expects digital-age related technologies to boost demand for the metal.

Oz Minerals unveils PFS for $22 billion copper-gold mine

Looking for partners for $3 billion project in South Australia forecast to produced 114,000 tonnes of copper and 117,000 ounces of gold a year.

OZ Minerals inks $90 million deal for copper-moly mine in Chile

Australian copper producer OZ Minerals has struck a deal with Canada's International PBX Ventures for a 90% interest in the Copaquire copper-molybdenum property in Chile.

Up to 8 bidders eyeing Ivanhoe Australia gold/copper mine stakes

Two sources with knowledge of the matter say second-round bids are due later this month, with preliminary interest seen from Anglo American, OZ Minerals, Vedanta Group and Aditya Birla Group.

OZ Minerals, Southern Copper shopping for South American mines

US-based Southern Copper and Australia's Oz Minerals are both looking to acquire assets in South America, according to media reports Wednesday.

OZ Minerals to sell off Cambodian gold assets

OZ MINERALS announced plans yesterday to sell off its gold assets in Cambodia, closing a controversial chapter for the company that was forced to deny allegations of impropriety last year in relation to this business.

OZ Minerals spends up big in SA

OZ Minerals will spend nearly $100 million exploring for copper and gold in SA this year, hoping to build on the two deposits it already owns.

OZ Minerals' insurance claim for derailment loss may face complication over pollution

OZ Minerals may recoup through insurance some of the losses from the up to 1200 tonnes of copper concentrate that disappeared into the Northern Territory's Edith River last week after a train derailed.

OZ Minerals: copper production on track, gold down

OZ Minerals Ltd in its quarterly report announced Prominent Hill contained metal production was 28,017 tonnes copper and 44,219 oz total gold for the June quarter.

OZ Minerals in $200m buyback

Copper and gold miner OZ Minerals will return up to $200 million to shareholders through an on-market buyback, as booming prices for its products continue to generate cash. Photo of copper concentrates being loaded, by OZ Minerals.

OZ Minerals: Conditional settlement of class actions

OZ Minerals has reached an agreement to settle the two class actions brought against it by Maurice Blackburn and Slater & Gordon on behalf of certain shareholders who acquired shares in 2008. The total settlement payment in respect of the class actions is $55.1 million plus costs of $4.9 million with those totals to be allocated between the Maurice Blackburn and the Slater & Gordon classes.

On track to meet 185,000 gold output target – Oz Minerals

Australian copper and gold miner Oz Minerals said on Thursday it is on track to achieve its forecast gold output of more than 185,000 ounces despite a 23 percent drop in first-quarter output. "While total gold production was lower this quarter, higher grades expected in the second and third quarters are expected to see production achieve forecast levels for the year of 185,000+ oz of gold," the company said in its quarterly production report.

ATO Ruling: Proposed OZ Minerals capital return not a dividend for Australian tax purposes

OZ Minerals is pleased to advise that the Australian Taxation Office (ATO) has issued a Class Ruling which advises that the proposed capital return by OZ Minerals is solely sourced from capital and so no part of the return will be treated as a dividend for Australian income tax purposes.

OZ Minerals buys big copper-gold find in Prominent Hill region

The spectacular Carapateena discovery that Canadian Teck Resources had seen as its big foreign play until the global financial crisis, is now passing into the hands of OZ Minerals Ltd (ASX: OZL). OZ Minerals said this week it had paid $US240 million for the project, making an immediate deposit of $US10 M.

New Indonesian Gold Mine Expected to Produce in 2011

Hong Kong-based G-Resources Group Ltd. (1051.HK) is on track to becoming a significant gold producer in Asia, with construction already started on the Martabe gold and silver mine in North Sumatra, Indonesia.