InDaily

Tag: Oz Minerals

  • Brazil dam disaster victims protest at BHP’s Adelaide AGM

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    A small crowd of protestors gathered outside the Adelaide Convention Centre this morning ahead of the AGM. Representatives from Brazilian communities impacted by the Samarco dam disaster were present, including sand miner Edertony Jose da Silva. Da Silva said members of his community and the more than 700,000 others who make up a $US44 billion…

  • SA ‘copper province’ buoys first quarter results for BHP

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    In the first full quarter of the South Australian “copper province” under BHP’s ownership, production of the metal in the state has increased by 23 kilotons per the group’s latest results. Copper production overall lifted by 11 per cent in the September quarter compared to a year ago according to BHP, which said it was…

  • What company will fill the OZ Minerals void?

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    The number two spot on the South Australian Business Index is well and truly up for grabs this year, as OZ Minerals departs following BHP’s $9.6 billion acquisition of the miner. Last year, the listed mining company landed the spot with $909 million in revenue from its copper-gold mines at Prominent Hill and Carrapateena in…

  • BHP profits slide but SA operations make their mark

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    The Melbourne-headquartered company posted a $20.1 billion profit for the last financial year, down 58 per cent on the prior period, but SA operations proved a jewel in the miner’s crown. Following the $9.6 billion acquisition of OZ Minerals – one of SA’s top five companies according to InDaily’s South Australian Business Index – BHP…

  • Big month for the Big Australian

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    Hardly surprising that one of the world’s largest mining companies is managing multiple issues on its frontline – more remarkable is how these issues are of increasing importance to South Australians. BHP reported in its Economic Contribution Report last September that it was employing more than 10,000 South Australians and spent $1 billion with local…

  • Copper on rise as BHP stakes SA mines claim

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    The company’s latest quarterly report released today trumpeted record gold and silver production in SA, while its coal interests in Queensland and the Hunter Valley in New South Wales was slowed by the impacts of high rainfall. Chief executive officer Mike Henry said the company is poised to pursue new growth opportunities in copper and…

  • ‘Vast majority’ of OZ Minerals jobs in SA to stay after BHP takeover

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    A BHP spokesperson said the company intended to “retain the vast majority of OZL employees and bring together the best from both companies as we look to grow the combined South Australian copper business over time”. “Our focus will be on maintaining safe and reliable mining operations and we expect minimal change to positions in…

  • Pay dirt: BHP set to swallow South Australian mining star

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    OZ Minerals managing director and chief executive officer Andrew Cole is likely to be paid about “$6 million cash in relation to his entitlements under OZ Minerals’ incentive plans”, chair Rebecca McGrath said before the vote, while shareholders will net $28.25 a share. The copper and gold company moved its head office to Adelaide from…

  • Multi-billion-dollar vote to sell another top SA business

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    Global mining giant BHP has been circling the Adelaide-headquartered copper and gold miner since early last year when its first $8 billion bid to take over OZ Minerals was swiftly rejected by its board. Now, though, the company that is listed at number two behind Santos in InDaily’s South Australian Business Index of the state’s…

  • Seeking young business leaders who are making a difference

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    With nominations for the InDaily 40 Under 40 Awards now open, Illman encourages leaders from across South Australia and across industries to nominate for the prestigious awards. “We have always placed a fair degree of importance in our judging criteria on people who are prepared to take a risk and have a goal and really…