Performance Summary
At OZ Minerals we strive to be modern. We’re guided by our Purpose, Going beyond what’s possible to make lives better. 2021 saw us further advance our growth strategy and strengthen our cultural foundations to support our aspirations in 2022 and beyond.
Snapshot
2021
2021 $m | 2020 $m | |
---|---|---|
Group revenue | 2,095.8 | 1,342.0 |
EBITDA | 1,162.4 | 606.3 |
Net depreciation | (366.7) | (283.4) |
EBIT | 795.7 | 322.9 |
Net finance expense | (39.1) | (27.1) |
Income tax (expense) | (225.9) | (83.2) |
NPAT | 530.7 | 212.6 |
Dividends per share (cents) | 34 | 25 |
We thank all our stakeholders for your ongoing support and confidence. Building on our progress over past years on creating our unique culture, delivering operational performance, and advancing our growth projects, we are excited about what can be achieved in 2022 and look forward to the possibilities ahead.
The agility of our workforce enabled us to continue operations in Australia and Brazil and deliver our company production and cost targets. Notably, Prominent Hill achieved production and cost guidance for the seventh consecutive year and Carrapateena delivered while flexing production as it managed cave propagation.
Learn more from the Chairman and CEO in the 2021 Annual & Sustainability Report.
Learn more from the Chairman and CEOCopper & Gold 2021 production
2021 Financial and Operational Highlights
$2.1b
$530.7m
$215.4m
159.6¢
34¢
Learn more about our 2021 Financial and Operational Highlights on page 07 of the 2021 Annual & Sustainability Report.
Learn more about our 2021 Financial and Operational Highlights2022
Priorities
- Safely advancing growth and operational delivery at our assets.
- Progressing the expansions at Prominent Hill and Carrapateena to unlock the potential for multigenerational, low-cost mining provinces.
- Continuing to progress the Carajás Hub strategy in Brazil.
- Progressing the West Musgrave Project study for a final investment decision in the second half of 2022.
- Continuing our exploration activities.
- Creating value for our stakeholders
- Investing in decarbonisation.
- Enabling more efficient and effective autonomous operations.
- Closely managing the inflationary environment and cost control.
- Holding ourselves accountable as a sustainable and responsible producer.
- Strengthening our Culture and moving towards realising our Strategic Aspirations.