You are currently viewing our site as a guest, which gives you limited access to our site features. By signing up for a free membership, you will receive our Investment Opportunity newsletters and have access to additional features for finding and comparing managed funds and shares. Registration is fast and simple, so please:
Business Description: OZ Minerals Limited (OZL) is involved in the production of copper and gold from the Prominent Hill mine and development of the Carrapateena copper-gold project located in South Australia. In addition to its operations in Australia, OZL has interests in exploration activities in the Americas, while selling its products to customers in Australia, Asia and Europe.
Strategy Analysis: Oz Minerals aims to generate superior shareholder returns by focusing on copper. First priority is to maximise the value of Prominent Hill, secondly focus on exploration - particularly at and around Prominent Hill and thirdly to pursue acquisitions that add value. A pipeline of projects with the potential to produce 50-150,000 tonnes of copper a year is sought. Surplus capital is targeted for return to shareholders.
OZ Minerals reported NPAT down 44.6% to $152.0m for the year ended 31 December 2012. Revenues from ordinary activities were $985.7m, down 11.7% from last year. Basic and Diluted EPS was 49.5 cents compared to 85.6 cents last year. Net operating cash flow was $318.8m compared to $647.1m last year. The final dividend declared was 20 cents, taking the full year dividend to 30 cents compared with 60 cents last year. The company continued its consistent performance at Prominent Hill with production of copper at 101,737t and gold at 140,746oz, both within the company's stated guidance for 2012. This production was achieved at a C1 cash cost of US$1.20 cents per pound, at the upper end of the revised C1 cost guidance of US$1.10 to US$1.20 per pound.
A property trust allows you to buy 'units' in an investment operated by a professional investment manager. This Guide will help you understand the risks and decide whether to invest your money.
The Age 25/05/2013 |
In the mid-1960s, when Australia's trade minister Sir John McEwen was urging Holden and Ford to seek export markets in Asia, the leader of one of Asia's poorest countries decided his country needed a car industry.
The Age 25/05/2013 |
Debts to tradespeople and suppliers by collapsed builder National Buildplan Group have blown out to $58 million but administrators say they are likely to recoup only cents in the dollar.
The Age 25/05/2013 |
There's a simple message in what appeared to be conflicting statements from the Federal Reserve, its chairman, Ben Bernanke, and an assortment of other Fed heavies this week about the timing of a move to re-tighten monetary policy.
The Age 25/05/2013 |
Investors are contemplating a future without support from one of the biggest drivers of the global economy in recent years - the US Federal Reserve.
Already a member? 
$ 4.220
