OZ Minerals headquartered in Adelaide, South Australia, is a world-class mining business that focuses on copper extraction.
The company owns and operates Prominent Hill – a high quality copper-gold mine in South Australia, Antas – a small, high quality copper-gold mine in Brazil and Carrapateena – a copper-gold project at an advanced development stage in South Australia. The company has a substantial cash balance.
Why invest in OZ Minerals?
- Copper focus
- Achieving consistent excellence in performance
- Building a project pipeline
- Customer solutions
- Capital management discipline
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 15 October 2019
- 323,874,831 shares
- Prominent Hill copper-gold mine in South Australia
- Antas copper-gold mine in the Para state of Brazil
- Carrapateena copper-gold project in South Australia
- West Musgrave copper-nickel project in Western Australia
- Exploration activities in Australia and internationally
OZ Minerals' Strategy
OZ Minerals’ strategy is to create value for our shareholders and other stakeholders, by focusing on:
- Global copper
- Capital discipline
- Customer focus
- Being lean and innovative
- Being devolved and agile
* Production numbers are for contained metal.
2019 production guidance 97,000 tonnes to 109,000 tonnes copper and 118,000 ounces to 131,000 ounces gold.
Reserves and Resources
Click here to view OZ Minerals Resources and Reserves Statements.
31 Dec 2018
31 Dec 2017
31 Dec 2016
31 Dec 2015
31 Dec 2014
31 Dec 2013
31 Dec 2012
|Depreciation and amortisation||(228.5)||(218.7)||(208.7)||(235.1)||(296.1)||
|Net financing income||7.1||8.7||9.0||2.9||3.6||7.0||
|Income tax benefit / (expense) on underlying (loss) / profit before tax||(90.5)||
|Non underlying items net of tax||(5.9)||-||(26.5)||(9.4)||11.3||(231.9)||-|
|NPAT for continuing operations||228.3||231.1||107.8||130.2||41.6||(294.4)||
|Gain on discontinued operations, net of tax||-||-||-||-||6.9||-||-|
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 2018||31 Dec 2017||31 Dec
|Investments & exploration assets||57.1||18.0||303.1||284||429.0||493.7||568.2|
|PP&E and leased equipment||2,077.6||1,175.8||1,018.1||1,296.6||1,374.0||
|Current tax liability||-||101.1||69.0||-||-||-||-|
|Net deferred tax liability||264.6||47.4||63.5||102.6||43.1||30.9||162.1|
|Accruals and provisions||110.9||63.9||66.4||54.8||39.8||24.6||29.3|
*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.