OZ Minerals
| Company type | Subsidiary |
|---|---|
| Industry | Mining |
| Founded | July 1, 2008 |
| Headquarters | Adelaide , Australia |
Area served | Australia, Brazil, Indonesia (former) |
| Products | Copper, gold |
| Parent | BHP |
OZ Minerals is a mining enterprise headquartered in Adelaide, South Australia. Previously traded on the Australian Securities Exchange, it was taken over by BHP in April 2023.
History
The formation of OZ Minerals occurred on 1 July 2008, resulting from the consolidation of Oxiana and Zinifex.
In February 2009, China Minmetals renewed its bid for OZ Minerals, which was under consideration by the company's board. This move was among several notable Chinese investments in Australia's mineral industry during that period. The acquisition attempt, alongside others such as Chinalco’s investment in Rio Tinto, encountered significant public and governmental resistance.
The Australian Government intervened in March 2009 to block the transaction due to national security issues, primarily because of the Prominent Hill Mine's location near the RAAF Woomera Range Complex. A modified agreement that excluded the Prominent Hill asset received approval in April 2009.
By June 2009, assets held by China Minmetals in Australia were separated to create MMG, while the Martabe gold project in Indonesia was divested to China Sci-Tech Holdings.
In 2015, OZ Minerals concentrated its activities on the Prominent Hill mine and the adjacent Carapateena prospect within South Australia, shifting its corporate office from Melbourne to Adelaide. The construction phase of the Carapateena mine commenced in 2016.
Following its acquisition by BHP in April 2023, OZ Minerals was removed from the Australian Securities Exchange listings.
Current
- Antas mine, located in Parauapebas, Brazil
- Carrapateena mine
- Prominent Hill Mine