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| Company type | Subsidiary |
|---|---|
| Industry | Mining |
| Founded | 1 July 2008 |
| Headquarters | Adelaide, Australia |
Key people | Rebecca McGrath (Chair) Andrew Cole (Managing Director) |
| Products | Copper,Gold |
| Revenue | $2.1 billion (2021) |
| $1.2 billion (2021) | |
| $531 million (2021) | |
| Parent | BHP |
| Website | www.ozminerals.com |
OZ Minerals was a mining company based inAdelaide,South Australia. Formerly listed on theAustralian Securities Exchange, it was acquired byBHP in April 2023.[1]
OZ Minerals was formed on 1 July 2008 whenOxiana andZinifex merged.[2][3]
In February 2009 atakeover offer byChina Minmetals was recommenced for acceptance by Oz Mineral'sboard of directors.[4] 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 inRio Tinto planned byChinalco, caused great public furore, adding political pressure to block Minmetals.
In March 2009 theGovernment of Australia blocked the sale, citingnational security concerns about the proximity of theProminent Hill Mine to theRAAF Woomera Range Complex.[5] A revised deal that excluded Prominent Hill was approved in April 2009.[6]
In June 2009 China Minmetals' Australian assets werespun off to formMMG.[7][8] TheMartabe gold project in Indonesia was sold to China Sci-Tech Holdings in the same month.[8][9]
In 2015, with its activities concentrated on the Prominent Hill mine and the nearby Carapateena prospect in South Australia, OZ Minerals moved its headquarters fromMelbourne toAdelaide.[10][11] in 2016, OZ Minerals commenced construction of itsCarapateena mine.[12]
In April 2023, Oz Minerals was taken over byBHP and delisted from theAustralian Securities Exchange.[13][14][15]
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