OZ Minerals has a number of equity interests in other mining and exploration companies. OZ Minerals considers these holdings likely to generate future value to the company and to shareholders.
The various holdings are as follows:
410.3m shares in Toro Energy
Toro Energy Limited (ASX code: TOE AU) is one of the largest listed Australian uranium exploration and development companies. OZ Minerals’ interest in Toro is a strategic window into the uranium industry. OZ Minerals owns 42.5% of Toro.
For further information on this company please visit www.toroenergy.com.au .
33.9m shares in IMX Resources Limited
On 13 April 2010 OZ Minerals Limited (OZL:ASX) and IMX Resources Limited (IXR:ASX) signed an Exploration Joint Venture Agreement to form a joint venture to explore for, and facilitate the
development of, copper-gold projects on IMX’s Mt Woods tenements in South Australia. These tenements are largely contiguous with OZ Minerals tenements, which include its Prominent Hill mine. In addition to this agreement, OZ Minerals also subscribed for an equity placement in IMX of around 13%. (ASX announcement: OZ Minerals and IMX Resources heads of agreement and share placement - 30 November 2009 )
For further information on this company please visit www.imxres.com.au.
27.0m shares in EMED Mining
Oxiana acquired shares in consideration for Oxiana's 95% interest in EMED Mining Public Limited (formally known as Eastern Mediterranean Minerals Ltd) which was the exploration arm of Oxiana's Cyprus interest. OZ Minerals has also subscribed for additional shares in subsequent placements. EMED Mining is listed on the AIM market in London (code: EMED LN), where it is quoted in pence per share. For further information on this company please visit www.emed-mining.com .
25.9m shares in Sandfire Resources NL
OZ Minerals owns 25.9m shares, representing approximately 19.9% of Australian listed Sandfire Resources NL. This is considered a strategic investment which provides exposure to Sandfire’s high quality Doolgunna project located in Western Australia. This acquisition is consistent with the Company’s previously stated strategy of investing in promising copper assets. The total consideration for the purchase was approximately A$100 million. For further information on this company please visit their website www.sandfire.com.au .
12.8m shares in Beadell Resources
In mid 2007 Oxiana sold the majority of the Australian exploration interests (excluding those in the Wiluna area) that were acquired as part of the takeover of Agincourt Resources Limited, into the IPO of Beadell Resources (ASX code: BDR AU). For further information on this company please visit their website www.beadellresources.com.au .
10.0m shares in Royalco Resources Ltd
OZ Minerals holds a 19% interest in Royalco Resources Limited (code: RCO AU). Royalco holds a number of royalty interests in other gold and base metal assets. Oxiana sold its wholly owned subsidiary, Oxiana Philippines Inc to Royalco. As part of the sale Oxiana received 10 million shares in Royalco at the issue price of A$0.50 per share.
For further information on this company please visit www.royalco.com.au .
8.0m shares in Minotaur Exploration
OZ Minerals owns just under 10% of Minotaur Exploration (ASX code: MEP AU). Under the Scheme of Arrangement between Oxiana and Minotaur Resources in early 2005, Oxiana acquired Minotaur Exploration which contains the non Prominent Hill assets of the former Minotaur Resources as well as other exploration projects in Australia and now overseas. Further shares have since been bought in various placements.
For further information on this company please visit www.minotaurexploration.com.au .
4.0m shares in Tigers Realm
In late 2009 OZ Minerals sold its 75% interest in the Chatree Thai Global Ventures joint venture in Thailand to unlisted Tigers Realm Minerals Pty Ltd for consideration of cash and shares.
For further information on this company please visit www.tigersgold.com .
Strategic Minerals
OZ Minerals sold its stake (5.6m shares) in Strategic Minerals in the second quarter of 2010.
Apex Minerals NL
OZ Minerals sold its stake (9.5m shares) in Apex Minerals in the fourth quarter of 2009.