OZ Minerals makes significant contributions to local, regional and national economies directly through the payment of taxes and royalties to governments and payments to our workforce and suppliers. Our operations also add significant value through indirect employment, capacity building for governments and investments in community development initiatives and programs. The benefits of our investments include improvements in infrastructure, health, safety awareness, education and training, and local business development. These direct and indirect benefits are illustrated in the OZ Minerals Benefits Model below.

Part of our commitment to delivering maximum benefits to all stakeholders, is being aware of potential inequities that distribution of benefits can generate and having programs in place to monitor and manage these outcomes, where it is within our area of influence to do so. Our community investments target the inclusion of women, children, Indigenous people and other potentially disadvantaged groups.

The global financial crisis, and the subsequent rapid fall in commodity prices which occurred during the latter part of 2008, has resulted in a significant drop in revenue and cashflow for OZ Minerals. This has significantly stressed the finances of the company and has seen it reduce its operational and capital expenditure across the board. This has duly impacted on OZ Minerals’ community investment programs.

Along with all its capital and operational expenditure, this situation has necessitated OZ Minerals significantly reducing the level of funding it put towards community activities and this has resulted in a decrease in the levels of support offered by the company. However, the company recognizes the benefit of maintaining, even in these difficult circumstances, a core investment presence in our local communities. The reduced contributions have been refocused away from sponsorships and donations in favour of longer term investments such as education and training and business development.

OZ Minerals benefits model