{{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''' was 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|archive-date=18 August 2023|archive-url=https://web.archive.org/web/20230818194641/https://www.bhp.com/news/media-centre/releases/2023/05/completion-of-oz-minerals-acquisition|url-status=dead}}</ref>
==History== OZ Minerals was formed on 1 July 2008 when 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 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 spun off to form 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}}</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 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'' 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] {{Webarchive|url=https://web.archive.org/web/20210123073653/https://www.ozminerals.com/operations/carrapateena-project/ |date=23 January 2021 }} 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