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Acquisition of Carrapateena copper project complete

Posted 09 May 2011

ASX Releases

OZ Minerals is pleased to announce it has now completed the acquisition of the Carrapateena copper project in South Australia from Rudy Gomez (58%), Teck Australia Pty Ltd (34%) and various minorities (8%).

The consideration paid for the project was US$250 million. There are also payments to be made on first commercial production from the project.

On announcement of the acquisition OZ Minerals’ Managing Director and CEO Terry Burgess said, "The acquisition is an investment in a high quality copper growth option and is an important step in continuing to build a project pipeline for this company."

 

For further information please contact
Natalie Worley
Head of Investor and External Relations

T 61 3 9288 0345
F 61 3 9288 0300
M 61 409 210 462
natalie.worley@ozminerals.com

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