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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.
In February 2009 a takeover offer by China Minmetals was recommenced for acceptance by Oz Mineral's board of directors. Recommended 82.5 Cents per Share All Cash Offer for Oz Minerals by Minmetals Oz Minerals 16 February 2009 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 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. A revised deal that excluded Prominent Hill was approved in April 2009. China's Minmetals wins approval for Oz deal Financial Times 12 April 2009
In June 2009 China Minmetals' Australian assets were spun off to form MMG Limited.Tasker, Sarah-Jane, OZ gets good news with green light for gold project sale. The Australian, 26 June 2009. The Martabe mine in Indonesia was sold to China Sci-Tech Holdings in the same month.OZ to sharpen Prominent Hill focus The Advertiser 30 June 2009
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.Richardson, Tom, State Govt attracts miner in $10m deal InDaily, 28 January 2015. Retrieved 14 September 2022.Nicholson, Lee, Oz Minerals officially stakes its claim in Adelaide InDaily, 17 December 2015. Retrieved 14 September 2022. in 2016, OZ Minerals commenced construction of its Carapateena mine.Opie, Rebecca, Carrapateena Mine construction officially launched in outback South Australia ABC News, 3 November 2016. Retrieved 14 September 2022.
In April 2023, Oz Minerals was taken over by BHP and delisted from the Australian Securities Exchange.
target="_blank" rel="nofollow"> Court approves Oz Minerals scheme of arrangement BHP 17 April 2023
target="_blank" rel="nofollow"> Scheme of Arrangement becomes effective Oz Minerals 18 April 2023
target="_blank" rel="nofollow"> Vast majority of Oz Minerals jobs in SA to stay after BHP takeover InDaily 18 April 2023
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