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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.
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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.