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OZ Minerals Snapshot
Though it's not interested in ruby red slippers or cities of emerald, this OZ does like a shiny metal and a pricy mineral. Formed as a result of the 2008 merger of Australian mining companies Zinifex and Oxiana, OZ Minerals operates the Prominent Hill copper/gold project in Australia. The company controls 2.5 million tons of copper reserves and 7.4 million ounces of gold. In 2009 China's Minmetals bought OZ Minerals, which had been struggling with a crushing debt load following the merger of Zinifex and Oxiana. In 2011 the company acquired a 34% stake in the copper- and gold-rich Carrapateena deposit in Australia from Teck Resources for $134 million.
