View source for OZ Minerals

{{Short description|Mining  company based in South Australia}}
{{Use dmy dates|date=February 2021}}
{{Use Australian English|date=September 2022}}
{{Infobox company
|name             = OZ Minerals
|logo             = Oz Minerals logo.svg
|logo_size        = 150
|type             = [[Subsidiary]]
|traded_as        =
|foundation       = 1 July 2008
|defunct          =
|location         = [[Adelaide]], Australia
|key_people       = Rebecca McGrath (Chair)<br>Andrew Cole (Managing Director)
|industry         = [[Mining]]
|products         = [[Copper]], [[Gold]]
|revenue          = $2.1 billion
|revenue_year     = 2021
|operating_income = $1.2 billion
|income_year      = 2021
|net_income       = $531 million
|net_income_year  = 2021
|parent           = [[BHP]]
|homepage         = [http://www.ozminerals.com www.ozminerals.com]}}
'''OZ Minerals''' is a mining company based in [[Adelaide]], [[South Australia]]. Formerly listed on the [[Australian Securities Exchange]], it was acquired by [[BHP]] in April 2023.<ref>{{Cite web|url=https://www.bhp.com/news/media-centre/releases/2023/05/completion-of-oz-minerals-acquisition|title=Completion of OZ Minerals acquisition|work=BHP|access-date=2023-08-18|language=en}}</ref>
==History==
OZ Minerals was formed on 1 July 2008 when [[Oxiana Limited|Oxiana]] and [[Zinifex]] merged.<ref>[http://news.smh.com.au/business/zinifex-oxiana-merge-into-oz-minerals-20080616-2rcm.html Zinifex, Oxiana merge into OZ Minerals] ''[[Sydney Morning Herald]]'' 16 June 2008</ref><ref>[https://www.asx.com.au/asxpdf/20080701/pdf/319ycd5vk3fs0s.pdf Implementation of Ziniflex/Oxiana Scheme of Arrangement] [[Zinifex]] 1 July 2008</ref>
In February 2009 a [[takeover offer]] by [[China Minmetals]] was recommenced for acceptance by Oz Mineral's [[board of directors]].<ref>[https://www.asx.com.au/asxpdf/20090216/pdf/31g2d2lz8x6649.pdf Recommended 82.5 Cents per Share All Cash Offer for Oz Minerals by Minmetals] Oz Minerals 16 February 2009</ref> The proposal was one of three high-profile moves by Chinese firms to acquire stakes in the Australian mineral sector in early 2009.
The China Minmetals offer along with other proposed purchases, especially the stake in [[Rio Tinto (corporation)|Rio Tinto]] planned by [[Chinalco]], caused great public furore, adding political pressure to block Minmetals.
In March 2009 the [[Government of Australia]] blocked the sale, citing [[national security]] concerns about the proximity of the [[Prominent Hill Mine]] to the [[RAAF Woomera Range Complex]].<ref>{{Cite web|url=https://www.nytimes.com/2009/03/28/business/worldbusiness/28mine.html|title=Australia Blocks China's Purchase of Mining Company|first=Bettina|last=Wassener|date=27 March 2009|work=[[New York Times]]}}</ref> A revised deal that excluded Prominent Hill was approved in April 2009.<ref>[https://www.ft.com/content/46a21686-2ff2-11de-a2f8-00144feabdc0 China's Minmetals wins approval for Oz deal] ''[[Financial Times]]'' 12 April 2009</ref>
In June 2009 China Minmetals' Australian assets were [[Corporate spin-off|spun off]] to form [[MMG Limited|MMG]].<ref>{{Cite web|url=https://www.abc.net.au/news/2009-06-18/minmetals-launches-new-company-amid-flat-demand/1324742|title=Minmetals launches new company amid flat demand|date=18 June 2009|website=[[ABC News (Australia)|ABC News]]}}</ref><ref name=Tasker>Tasker, Sarah-Jane, OZ gets good news with green light for gold project sale. ''[[The Australian]]'', 26 June 2009.</ref> The [[Martabe mine|Martabe gold project]] in Indonesia was sold to China Sci-Tech Holdings in the same month.<ref name=Tasker /><ref>OZ to sharpen Prominent Hill focus ''[[The Advertiser (Adelaide)|The Advertiser]]'' 30 June 2009</ref>
In 2015, with its activities concentrated on the Prominent Hill mine and the nearby Carapateena prospect in South Australia, OZ Minerals moved its headquarters from [[Melbourne]] to [[Adelaide]].<ref>Richardson, Tom, [http://indaily.com.au/business/2015/01/28/state-govt-gives-major-miner-10m/ State Govt attracts miner in $10m deal] ''[[InDaily]]'', 28 January 2015. Retrieved 14 September 2022.</ref><ref>Nicholson, Lee, [http://indaily.com.au/business/2015/12/17/oz-minerals-officially-stakes-its-claim-in-adelaide/ Oz Minerals officially stakes its claim in Adelaide] ''InDaily'', 17 December 2015. Retrieved 14 September 2022.</ref> in 2016, OZ Minerals commenced construction of its [[Carapateena mine]].<ref>Opie, Rebecca, [https://www.abc.net.au/news/2016-11-03/carrapateena-mine-construction-officially-launched-in-sa/7993158 Carrapateena Mine construction officially launched in outback South Australia] ''ABC News'', 3 November 2016. Retrieved 14 September 2022.</ref>
In April 2023, Oz Minerals was taken over by [[BHP]] and delisted from the [[Australian Securities Exchange]].<ref>[https://web.archive.org/web/20230418071753/https://www.bhp.com/news/media-centre/releases/2023/04/court-approves-oz-minerals-scheme-of-arrangement Court approves Oz Minerals scheme of arrangement] [[BHP]] 17 April 2023</ref><ref>[https://web.archive.org/web/20230418071150/https://www.asx.com.au/asxpdf/20230418/pdf/45nrglyxtcz3p3.pdf Scheme of Arrangement becomes effective] Oz Minerals 18 April 2023</ref><ref>[https://web.archive.org/web/20230418111214/https://indaily.com.au/news/business/2023/04/18/vast-majority-of-oz-minerals-jobs-in-sa-to-stay-after-bhp-takeover/ Vast majority of Oz Minerals jobs in SA to stay after BHP takeover] ''InDaily'' 18 April 2023</ref>
==Operations==
===Current===
*Antas mine, [[Parauapebas]], Brazil<ref>[https://www.ozminerals.com/operations/antas/ Antas Mine] OZ Minerals. Retrieved 28 January 2021.</ref>
*[[Carrapateena mine]]<ref>[https://www.ozminerals.com/operations/carrapateena-project/ Carrapateena Mine] OZ Minerals. Retrieved 28 January 2021.</ref>
*[[Prominent Hill Mine]]<ref>[https://www.ozminerals.com/operations/prominent-hill/ Prominent Hill] Oz Minerals</ref>
===Former===
*[[Century Mine]]<ref name=Minmetals>[https://web.archive.org/web/20110707020611/http://australia.minmetals.com.cn/news_1.jsp?article_millseconds=1248748749312 Minmetals Succeeds in Oz Minerals Deal] Minmetals 11 June 2008</ref>
*[[Golden Grove Mine]]<ref name=Minmetals/>
*[[Martabe mine]]
==References==
{{reflist}}
==External links==
*[http://www.ozminerals.com/ Official website]
{{BHP}}
{{Gold mining companies of Australia}}
{{Mining companies of Australia}}
[[Category:BHP]]
[[Category:Mining companies of Australia]]
[[Category:Copper mining companies of Australia]]
[[Category:Gold mining companies of Australia]]
[[Category:Mining in South Australia]]
[[Category:Companies formerly listed on the Australian Securities Exchange]]
[[Category:Australian companies established in 2008]]
[[Category:Companies based in Adelaide]]
[[Category:2023 mergers and acquisitions]]