OZ Minerals refers to its announcement released to the market on Monday, 12 January 2009 and wishes to advise the market that:
- Facilities A and B - The Company is still in discussions with its lenders in relation to the Company’s request for a bridging facility from lenders of Facility A. Whilst significant progress has been made, the Company is still finalising with its lenders the terms on which the bridging facility will be provided.
- Facility C - Societe Generale, the lender in respect of Facility C, has agreed to a further extension to the date by which the former Zinifex group of companies must grant security over certain Australian assets from 14 January 2009 to 19 January 2009. They have also agreed to extend the date by which security will be granted by the former Zinifex group companies over their overseas assets from 16 January 2009 to 30 January 2009, with a best endeavours obligation to grant the security earlier than that date.
As at 14 January, 2009 OZ Minerals’ cash balance was A$139.4 million.Download pdf 48 KB