|
|
Article: AUSTRALIA'S OZ MINERALS TO FOCUS ON EXPANDING PROMINENT HILL PJT.
- Article from:
- AsiaPulse News
- Article date:
- June 30, 2009
CopyrightCOPYRIGHT 2009 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
MELBOURNE, June 30 Asia Pulse - Australian Miner OZ Minerals (ASX:OZL) says it will focus on expanding its Prominent Hill mine, after announcing it had completed the sale of its Martabe gold and silver project in Indonesia.
The sale completion, expected after final approvals were granted last week, leaves OZ Minerals with the Prominent Hill copper-gold mine in South Australia as its only major asset.
Under the deal, China Sci-Tech Holdings Ltd paid US$211 million for the Martabe mine.
China Sci-Tech also agreed to pay a further US$6.5 million to OZ Minerals for on-site spending from April 1, US$1 million less than estimated last week.
...