Company Profile For OZ Minerals Limited

OZ Minerals Limited (OZL.AX) (Australia Stock Exchange)

sector: Basic Materials · industry: Precious Metals & Minerals ·

As of 25 Nov 2009

1.24AUD

Price Change

-0.00

Percent Change

-0.40%

Analyst Recommendations

Overview

OZ Minerals Limited, formerly Oxiana Limited, is an Australia-based mining company and was formed on July 1, 2008, through a merger of two Australia-based international mining companies Oxiana Limited and Zinifex Limited. After a sale of a number of assets to China Minmetals Non-ferrous Metals Co., Ltd in June 2009, OZ Minerals remained with the South Australian copper-gold mine Prominent Hill and exploration licenses in Cambodia. Prominent Hill is a producer of copper and gold exporting its concentrates to smelters in China, India and Europe. The Company has a 49.9% holding in Toro Energy Limited.

Quick Financial Synopsis

BRIEF: For the fiscal year ended 31 December 2008, OZ Minerals Limited's revenue increased 46% to A$879.2M . Net loss from continuing operations totaled A$1.51B vs. an income of A$228M. Revenues reflect absence of income from Century Mine and lower income from Sepon Copper Mine business segments. Higher loss reflects increased financing expense, higher consumption of raw materials, increased royalties expense and rise in freight expense.