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The Prominent Hill Mine is a major copper, silver, and gold mine in north west South Australia, 130 km south-east of Coober Pedy, which was developed by Oxiana Limited, later to become OZ Minerals, and now owned by BHP. The deposit is an iron oxide copper gold style mineralisation.
The merger took effect on 20 June 2008 with a rebrand to OZ Minerals on 18 July 2008. [6] [7] In 2023, Oxiana (Cambodia) Limited, a foreign subsidiary of Oxiana Limited that later became a part of the Oz Minerals group, was investigated by the AFP over alleged foreign bribery. [8]
OZ Minerals was formed on 1 July 2008 when Oxiana and Zinifex merged. [2] [3] In February 2009 a takeover offer by China Minmetals was recommenced for acceptance by Oz Mineral's board of directors. [4] The proposal was one of three high-profile moves by Chinese firms to acquire stakes in the Australian mineral sector in early 2009.
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