OZ Minerals Ltd

Energy

OZ Minerals (ASX: OZL) is a modern mining company based in Adelaide, Australia. It was originally formed after the merger of Oxiana Limited and Zinifex in 2008. In 2009, Chinese state owned China Minmetals proposed a purchase of the heavily indebted company. The Chinese proposal was one of three high-profile moves by Chinese firms to acquire stakes in the Australian mineral sector in early 2009. The China Minmetals offer along with other proposed purchases, especially the Chinalco planned stake in Rio Tinto, caused great public furor, adding political pressure to block Minmetals. The Australian government blocked the sale on 27 March 2009, citing concerns about the location of the Prominent Hill Mine within the sensitive military area. A deal not including Prominent Hill was approved, and the majority of the company was acquired by China Minmetals; the acquisitions became the company Minerals and Metals Group (MMG). OZ Minerals has Prominent Hill Mine in production as both open pit and underground. In 2011, OZ Minerals acquired the Carrapateena iron-oxide copper gold deposit 100 km southeast of Olympic Dam. Carrapateena is being developed and is expected to produce its first copper ore in late 2019. OZ Minerals has several other exploration projects.

Wikipedia

lensPlanning

OZ Minerals Ltd publicly states its support for the goals, but doesn’t say which are priorities

lensCommitments

OZ Minerals Ltd publicly declares measurable commitments to the following goals

lensActions

OZ Minerals Ltd publicly shares examples of how its actions are supporting the goals

lensProgress

OZ Minerals Ltd shares data showing its progress towards the goals

lensSuppliers

OZ Minerals Ltd shares information about involving its suppliers in environmental / social issues but doesn’t mention involving them in supporting the goals

Review date: 01 July 2020
Country: Australia