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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.
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.
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]
BHP Group Ltd (NYSE: BHP) has raised its offer for OZ Minerals Limited (OTC: OZMLF) to value the Australian miner at A$9.6 billion ($6.34 billion). Earlier, BHP offered to pay A$25/share.
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Prominent Hill Airport (IATA: PXH, ICAO: YPMH) is a private airport servicing the OZ Minerals Prominent Hill Mine in north west South Australia, 130 km (81 mi) south-east of Coober Pedy. Airlines and destinations
In 2012, OZ Minerals, owners of the Prominent Hill Mine, and Flinders Logistics developed a more efficient transport system from mine to ship to reduce double handling of copper concentrates, bypass a concentrates shed and traditional loading facilities, and achieve high environmental standards, especially through minimising potential dust ...