At OZ Minerals we strive to be modern. 

We’re guided by our purpose, “Going beyond what’s possible to make lives better”. 

We believe that only when we create value for all our stakeholders will we be successful and sustainable.

We own and operate Prominent Hill, a high quality copper-gold mine, and Carrapateena, an iron-oxide–copper–gold (IOCG) underground mine, both located in the highly prospective Gawler Craton in South Australia. 

The Carajás East Hub located in Brazil is also part of our portfolio. This Hub comprises the Pedra Branca underground mine, which is the beginning of a potential series of small, high quality copper-gold mines with ore being processed at existing facilities at the nearby, now-depleted Antas mine.

Why invest in OZ Minerals?

We aim to understand what’s important to our Shareholders. We consider their perspectives when making strategic choices.

Our strategy is to develop a portfolio of long life, low-cost copper-focused assets in safe and stable countries. We create growth opportunities through a pipeline of exploration and development projects aimed at building mining provinces.

We maintain a strong balance sheet to support our growth strategy. By safely and consistently meeting operational targets and working ethically, in an environmentally responsible and sustainable way, we aim to achieve consistent top quartile returns and pay sustainable dividends.

Ongoing shareholder support is important to our success, as is investing in creating value for our other stakeholders. In doing so we build a sustainable and resilient business now and for the future.

Summary

Headquarters – Adelaide, Australia

Primary Stock Exchange Listing / Indices

Australia (stock code: OZL)

S&P ASX 100 Index

MSCI World Index within the Australian Standard Index

Issued share capital

As at 31 October 2021

  • 333,654,973 shares

Primary Activities

  • Prominent Hill copper-gold mine in South Australia
  • Carrapateena copper-gold mine in South Australia
  • West Musgrave copper-nickel project in Western Australia
  • Carajás East copper-gold hub in the Para state of Brazil
  • Exploration activities in Australia and internationally

20211029_PromNight_WhyInvestInUs_1900x1267_2300kb.jpg

 

OZ Minerals' Strategy

OZ Minerals’ strategy is to create value for our shareholders and other stakeholders, by focusing on:

  • Global copper 
  • How we work together
  • Partnering
  • Investing responsibly 
  • Being lean and innovative
  • Being devolved and agile 

Production

  2020 2019

2018

 2017 2016

2015

2014

2013

2012 

Copper 97,620t 109,289t 115,998t 112,008t

116,882t

130,305t 92,615t 73,362t

101,737t

Gold 257,987oz 128,874oz 135,647oz 126,713oz 118,333oz 113,028oz 148,192oz 128,045oz 140,746oz
Silver 895,899oz 630,421oz 702,703oz 791,404oz 842,672oz 749,349oz 652,988oz 613,499oz 721,998oz

* Production numbers are for contained metal.

2021 production guidance 120,000 - 145,000 tonnes of copper and 190,000 - 215,000 ounces gold.

View recent production results

Reserves and Resources

View OZ Minerals' Resources and Reserves Statements.

Financial Summary

A$m Full year 31 Dec 2020 Full year 
31 Dec 2019
Full year 
31 Dec 2018
Full year 
31 Dec 2017
Full year 
31 Dec 2016
Full year 
31 Dec 2015
Full year 
31 Dec 2014
Full year 
31 Dec 2013
Full year 
31 Dec 2012
Total revenue 1,342.0 1,107.0 1,117.0 1,023.1 822.9 879.4 831.0 644.0 985.7
Underlying EBITDA1 606.3 462.4 540.4 539.4 373.8 434.9 341.1  115.8

353.9
 

Depreciation and amortisation (283.4) (228.9) (228.5) (218.7) (208.7) (235.1) (296.1)

(218.5) 

(174.7)
Underlying EBIT1 322.9 233.5 311.9 320.7 165.1 199.8 45.0 (102.7)  179.2
Net financing income (27.1) (4.9) 7.1 8.7 9.0 2.9 3.6 7.0

19.9

Income tax benefit / (expense) on underlying (loss) / profit before tax (83.2) (64.7) (90.5)

(98.3)

 

(39.8) (63.1) (18.3) 33.2 (47.1)
Underlying NPAT1 212.6 163.9 228.3 231.1 134.3 139.6 30.3 (62.5)  152.0
Non underlying items net of tax - - (5.9) - (26.5) (9.4) 11.3 (231.9)  -
NPAT for continuing operations 212.6 163.9 228.3 231.1 107.8 130.2 41.6 (294.4) 

152.0

Gain on discontinued operations, net of tax - - - - - - 6.9 - -
NPAT 212.6 163.9 222.4   107.8 130.2 48.5 (294.4)  152.0

Non-IFRS measures

OZ Minerals financial results are reported under International Financial Reporting Standards (IFRS). This ASX Release includes certain non-IFRS measures including Underlying EBITDA, Underlying EBIT, Underlying EBT and Underlying NPAT. These measures are presented to enable understanding of the underlying performance of the Consolidated Entity without the impact of non-trading items such as litigation settlement expense and impairment of assets. Non-IFRS measures have not been subject to audit or review. Underlying EBITDA, Underlying EBIT, Underlying EBT and Underlying NPAT are included in Note 1 Operating Segments, which form part of the Consolidated Financial Statements. Refer Note 1 Operating Segments to the Consolidated Financial Statements for further details.

1The following explain the non-IFRS measures used in the table above.

Underlying EBITDA Profit before net financing income and income tax from continuing operations before depreciation and amortisation, impairment/impairment reversal, and litigation settlement expense.
Underlying EBIT Profit before net financing income and income tax from continuing operations before impairment/impairment reversal, and litigation settlement expense.

Underlying NPAT Profit from continuing operations before impairment/impairment reversal, and litigation settlement expense.

OZ Minerals balance sheet - summary

A$M Consolidated 31 Dec 2020 31 Dec 2019 31 Dec 2018 31 Dec 2017 31 Dec 
2016
31 Dec 
2015
31 Dec 
2014 

31
Dec 
2013

31 Dec 
2012*
Assets                  
Cash 131.7 134.0 505.1 729.4 655.7 552.5 218.5 364.0 659.0
Receivables 173.8 106.5 98.0 152.3 77.2 98.6 127.8 127.6 171.7
Inventories 518.7 537.6 678.4 746.9 557.1 329.8 253.4 172.8 252.3
Other 18.7 14.8 26.7 3.9 19.4 4.9 6.0 4.0 5.9
Investments & exploration assets 249.5 148.7 135.2 18.0 303.1 284 429.0 493.7 568.2
PP&E and leased equipment 3,663.6 2,872.4 1,999.5 1,175.8 1,018.1 1,296.6 1,374.0

1,355.0

1,423.4
Total Assets 4,756.0 3,814.0 3,442.9 2826.3 2,630.60 2,566.4 2,408.7 2,517.1 3,085.6
Liabilities                  
Creditors 197.4 176.8 152.2 97.6 77.4 65.1

76.7

133.7 108.3
Current tax liability 19.7 5.6 - 101.1 69.0 - - - -
Net deferred tax liability 288.5 270.1 264.6 47.4 63.5 102.6 43.1  30.9 162.1
Accruals and provisions 1,039 381.6 110.9 63.9 66.4 54.8 39.8  24.6 29.3
Total Liabilities 1,544.6 834.1 527.7 310.0 276.3 222.5 159.6

189.2

299.7
Net Assets 3,211.4 2,979.9 2,915.2 2516.3 2,354.3 2,343.9 2,249.1 2,327.9  2,785.9

*Comparative Information has been restated in accordance with accounting requirements on application of AASB Interpretation 20 Stripping Costs in the Production Phase of a Surface Mine, which impacts the treatment of waste stripping costs.

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