Oxiana Limited
Encyclopedia
Oxiana Limited was an Australia-based copper and gold miner and exploration company. The company's operations were located in Laos, Australia, Cyprus and the Philippines. OXR was focused on the operation and development of the Sepon copper and gold project in South East Laos, the Golden Grove copper/zinc mine in Western Australia and development of the Prominent Hill
copper/gold deposit in South Australia.
Oxiana was based in Melbourne, Australia, with a focus on Asia and Australia. The company distributed a full year profit of $553 million (AUS) in 2006.
In June 2005, Newmont Australia Ltd sold on the Golden Grove Mine
to Oxiana Limited for A$ 265 million.
In February 2007 Oxiana launched a friendly takeover bid for Agincourt, this bid was accepted in April. Oxiana acquired through this the Wiluna Gold Mine
, the energy company Nova with its uranium rights at Wiluna
and the Martabe Gold Project in Sumatra
, currently under construction.
Oxiana sold on the Wiluna Gold Mine in July 2007 to APEX Minerals NL.
On 18 July 2008, shareholders approved a new name for merged companies Oxiana and Zinifex
in the form of 'OZ Minerals
'.
Prominent Hill
The Prominent Hill Mine is a major copper, silver and gold mine in north west South Australia, 130 km south-east of Coober Pedy, which has been developed by Oxiana Limited, later to become OZ Minerals...
copper/gold deposit in South Australia.
Oxiana was based in Melbourne, Australia, with a focus on Asia and Australia. The company distributed a full year profit of $553 million (AUS) in 2006.
In June 2005, Newmont Australia Ltd sold on the Golden Grove Mine
Golden Grove Mine
The Golden Grove Mine is a copper, lead, silver, zinc and gold mine located 52 km south-south-east of Yalgoo, Western Australia.It is operated by Minerals and Metals Group, which was formed after its parent company, China Minmetals, bought the mine from OZ Minerals in June 2009...
to Oxiana Limited for A$ 265 million.
In February 2007 Oxiana launched a friendly takeover bid for Agincourt, this bid was accepted in April. Oxiana acquired through this the Wiluna Gold Mine
Wiluna Gold Mine
The Wiluna Gold Mine is an active gold mine in Western Australia near the town of Wiluna. The mine was active from 1984 till its closure in 2007; when it was put into care and maintenance; and again since late 2008....
, the energy company Nova with its uranium rights at Wiluna
Wiluna, Western Australia
Wiluna is a complex town in the Mid West region of Western Australia. It is situated on the edge of the Western Desert at the gateway to the Canning Stock Route and Gunbarrel Highway. It is the service centre of the local area for the local Aboriginal people, the pastoral industry, mining, and...
and the Martabe Gold Project in Sumatra
Sumatra
Sumatra is an island in western Indonesia, westernmost of the Sunda Islands. It is the largest island entirely in Indonesia , and the sixth largest island in the world at 473,481 km2 with a population of 50,365,538...
, currently under construction.
Oxiana sold on the Wiluna Gold Mine in July 2007 to APEX Minerals NL.
On 18 July 2008, shareholders approved a new name for merged companies Oxiana and Zinifex
Zinifex
Zinifex was an Australian company which operated two zinc and lead mines, three zinc refineries and a lead smelter. It was created following the insolvency of Pasminco in 2002, taking on Pasminco operations. In 2008 it merged with Oxiana Limited to form OZ Minerals.-History:Zinifex was the...
in the form of 'OZ Minerals
OZ Minerals
OZ Minerals is an Australian mining company, formed from 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...
'.