OZ Minerals headquartered in Adelaide, South Australia, is a world-class mining business that focuses on copper extraction.
The company owns and operates Prominent Hill – a high quality copper-gold mine, and Carrapateena – a copper-gold exploration project at an advanced development stage – both in our home state of South Australia. The company has a substantial cash balance and is debt free.
Why invest in OZ Minerals?
- Copper focus
- Achieving consistent excellence in performance
- Building a project pipeline
- Customer solutions
- Capital management discipline
Headquarters – Adelaide, Australia
Primary Stock Exchange Listing / Indices
Australia (stock code: OZL)
S&P ASX 200 Index
MSCI World Index within the Australian Standard Index
Issued share capital
As at 20 October 2016
- 299,123,238 ordinary shares
- Prominent Hill copper-gold mine in South Australia
- Carrapateena copper-gold advanced exploration project in South Australia
- A range of equity investments in listed resource companies
- Exploration activities in Australia and South America
OZ Minerals' Strategy
OZ Minerals’ strategy is to create value for our shareholders and other stakeholders, with a focus on four areas:
- Lean business
- Multiple assets
- Copper core
- Customer focus
June YTD 2015
* Production numbers are for contained metal.
Production exceeded 2014 guidance for the year to 92,615 tonnes of copper and 148,192 ounces of gold.
(2014 production guidance 85,000 tonnes to 90,000 tonnes copper and 130,000 ounces to 140,000 ounces gold).
Reserves and Resources
Click here to view OZ Minerals Resources and Reserves Statements.
31 Dec 2014
31 Dec 2013
31 Dec 2012
31 Dec 2011
31 Dec 2010
|Depreciation and amortisation||(296.1)||
|Net financing income||3.6||7.0||
|Income tax benefit / (expense) on underlying (loss) / profit before tax||(18.3)||33.2||(47.1)||
|Non underlying items onet of tax||11.3||(231.9)||-||
|NPAT for continuing operations||41.6||(294.4)||
|Gain on discontinued operations, net of tax||6.9||-||-||9.2||47.6|
OZ Minerals financial results are reported under International Financial Reporting Standards (IFRS). This ASX Release includes certain non-IFRS measures including Underlying EBITDA, Underlying EBIT, Underlying EBT and Underlying NPAT. These measures are presented to enable understanding of the underlying performance of the Consolidated Entity without the impact of non-trading items such as litigation settlement expense and impairment of assets. Non-IFRS measures have not been subject to audit or review. Underlying EBITDA, Underlying EBIT, Underlying EBT and Underlying NPAT are included in Note 3 Operating Segments, which form part of the Consolidated Financial Statements. Refer Note 3 Operating Segments to the Consolidated Financial Statements for further details.
1The following explain the non-IFRS measures used in the table above.
|Underlying EBITDA Profit before net financing income and income tax from continuing operations before depreciation and amortisation, impairment/impairment reversal, and litigation settlement expense.|
|Underlying EBIT Profit before net financing income and income tax from continuing operations before impairment/impairment reversal, and litigation settlement expense.|
Underlying NPAT Profit from continuing operations before impairment/impairment reversal, and litigation settlement expense.
OZ Minerals balance sheet - summary
|A$M Consolidated||31 Dec
|Current tax asset||-||-||5.1||-||2.7|
|Investments & exploration assets||429.0||493.7||568.2||502.0||316.2|
|PP&E and leased equipment||1,374.0||
|Current tax liability||-||-||-||16.2||-|
|Net deferred tax liability||43.1||30.9||162.1||100.2||14.8|
*Comparative Information has been restated in accordance with accounting requirements on application of AASB Interpretation 20 Stripping Costs in the Production Phase of a Surface Mine, which impacts the treatment of waste stripping costs.