OZ Minerals slumps to loss, drops buyback plan
August 21, 2008
Oz Minerals, formerly Oxiana, reported a first-half net loss of $543,000, a figure that excluded the impact of its just-completed takeover of Zinifex, and signalled a tough second-half ahead as commodities prices recoil. It also dropped plans for a share buyback.
Miner Oxiana Spends $5.8B for Zinifex
Australian miner Oxiana Ltd. will buy rival Zinifex Ltd. in a share swap worth $5.8 billion, the two companies said Monday, creating the world's second-largest producer of zinc.
Zinifex soars after Allegiance bid succeeds, profit jumps
Zinifex has recorded 74.3% rise in first-half profit and said demand for zinc is expected to remain healthy in 2008 stoked by strong Chinese buying. Separately, Allegiance agreed to Zinifex's sweetened $850 million-plus takeover bid.
Zinifex whets the appetite of a...
TALK at Zinifex and Oxiana immediately turned to diversification after shareholders yesterday approved their $4.2 billion merger.
06/16/08
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Zinifex stumps up for Oxiana deal
Although it is billed as a merger of equals, Zinifex has worked to get the deal it wants and needs.
Zinifex looks good in Canada again
Could be time for Teck to take another peek.
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Zinifex, Oxiana merge into OZ Minerals
The merger of Zinifex Ltd and Oxiana Ltd will result in the new entity that will be named OZ Minerals Ltd.
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Zinifex-Oxiana reborn as OZ Minerals
The merger of Zinifex and Oxiana will result in the new entity that will be named OZ Minerals.
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Allegiance ticks Zinifex-Oxiana merger
Takeover target and nickel miner Allegiance Mining says its nickel asset will be in good hands if a planned takeover of Zinifex by Oxiana goes ahead.
Oxiana and Zinifex agree £2.8bn zinc mining merger
Australian miner Oxiana has launched an agreed A$6 billion ($£2.8 billion) takeover offer for local rival Zinifex in a bid to create the world's second-largest producer of zinc.
Mining merger ends in 'mess'
THE results from OZ Minerals - the merged Oxiana and Zinifex - were nowhere near the market consensus. But the polite consensus word to describe them among analysts was "messy".
Zinifex H1 net profit up 74.3% to $1.3b
Zinifex has recorded 74.3 per cent rise in first half profit and says demand for zinc is expected to remain healthy in 2008.
Zinifex holds 98% stake in Allegiance
Zinifex says it has a stake of 98 per cent in Allegiance Mining NL after the close of its takeover bid for the company.
Zinifex, Oxiana merge into $12b company
Oxiana has agreed to a $6.2 billion merger with Zinifex to create the world's second largest zinc producer, ending months of speculation.
03/03/08
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Allegiance accepts revised Zinifex bid
Nickel miner Allegiance Mining has finally thrown its support behind Zinifex's all-cash takeover bid after the offer was sweetened on Monday.
Zinifex makes find near Rosebury mine
Zinifex says it has made a new zinc discovery south of its Rosebury mine in Tasmania.
Zinifex makes 'exciting' discovery
Zinifex, which has agreed to a $6 billion merger with Oxiana, says it has made a new zinc discovery south of its Rosebury mine in Tasmania.
Australian miner Oxiana to buy Zinifex for US$5.8 billion in stock swap
Australian miner Oxiana Ltd. has agreed to buy sector rival Zinifex Ltd. in a share swap worth 6.2 billion Australian dollars (US$5.8 billion; €3.8 billion), the two companies said Monday, to create the world's second-largest producer of zinc.
Zinifex wins control of Allegiance
Zinifex has prevailed with its $790 million, three-month takeover battle for Allegiance Mining, announcing that it has gained control of the nickel miner.
Zinifex expects lower H2 earnings
Zinifex says it expects lower than expected earnings in the second half of fiscal 2008 due to a drop in zinc prices and rising costs.
Zinifex gains control of Allegiance
Zinifex has prevailed with its $790 million, three-month takeover battle for nickel miner Allegiance Mining NL.
Miners Oxiana, Zinifex Agree To $5.6B...
Combined entity would be Australia's third-largest resources company and the world's No. 2 zinc producer.
Miners Oxiana, Zinifex Agree To $5.6B...
Combined entity would be Australia's third-largest resources company and the world's No. 2 zinc producer.
Zinifex zinc output rises, lead drops
Zinifex, which has agreed to a $6.2b merger with Oxiana, delivers an increase in zinc production but a drop in lead output for the quarter.
Zinc production boost for Zinifex
Zinifex reports a 6% rise in zinc production in the nine months to the end of the third quarter and a 4% rise in lead output.
Orica has firepower for acquisitions
Orica is looking for acquisitions to add to its explosives businesses, a day after announcing it will spin off its consumer products division.
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