OZ Minerals slumps to loss, drops buyback plan
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.
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".
Buyback could be the alternative for...
That's the suggestion if OZ Minerals can't find a suitable acquisition for its money. Edited by Jamie Freed.
Counting the cost of nickel's wild ride
Producers can't afford prices to fall too far, writes Jamie Freed
OZ Minerals expects zinc prices to rise
OZ Minerals expects prices of the metal to rebound from 2010 as supplies from mines dwindle.
06/18/08
Similar news about Zinifex Ltd.
Oxiana-Zinifex eyes BHP assets
Newly combined miners Oxiana and Zinifex will look at assets BHP may need to sell to satisfy regulators in its bid for Rio.
Zinifex and Oxiana see opportunities
Zinifex says its planned merger with fellow miner Oxiana will create an entity better placed to seek acquisition opportunities.
Oxiana surges on takeover speculation
Oxiana rises the most in seven weeks amid speculation of a possible takeover offer from Xstrata.
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.
Xstrata reveals merger talks with Vale are 'ongoing'
Xstrata has revealed its merger talks with the Brazilian rival Vale are still on, despite rumours last week that the negotiations had hit an impasse. This comes as the mining giant posted a 13 per cent bump in profits in 2007, and predicted its business would not be significantly damaged by a slowdown in the US.
Australia's Oxiana hungry for mergers
Australian miner Oxiana is scouring for M&A and is looking to move beyond its traditional markets, Chief Executive Owen Hegarty says.
04/09/08
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Chinese eye OZ Minerals
OZ Minerals says Chinese companies may be interested in investing in the company following the recent decline in its share price.
08/04/08
Similar news about Zinifex Ltd.
Stocks to watch
Stocks of interest on the Australian Stock Exchange today.
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, 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
Similar news about Zinifex Ltd.
First round: plug the betting leak in...
Brokers believe Tabcorp's foray is defensive and it will be back for more.
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.
Buyers poised to swoop on Albidon
The looming sale of Lion Selection's resources assets is likely to put nickel hot-stock Albidon into play as prospective buyers begin to circle and brokers get set for another Allegiance-style deal.
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.
Beadell buys Cracow goldmine
Gold explorer Beadell Resources is entering the big league with its takeover of the Cracow goldmine in Queensland for $280 million.
05/15/08
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Fortescue defies the sceptics
Twiggy Forrest has his sceptics but Fortescue is close to becoming the Third Force in the Pilbara. City Pacific, meanwhile, is faring less well.
05/07/08
Similar news about Zinifex Ltd.
Stocks to watch
Stocks of interest on the Australian Stock Exchange today.
Suitors 'eyeing Oxiana/Zinifex merger'
Potential suitors weighing up a bid for Oxiana and Zinifex are likely to wait for the two miners to complete a merger before pouncing on the combined entity.
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.
Oxiana and Zinifex agree £2.8bn zinc...
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.
03/03/08
Similar news about Zinifex Ltd.