Thiess lands A$1bn Prominent Hill contract

PERTH (miningweekly.com) - ASX-listed Oz Minerals has awarded project house Thiess a A$1-billion contract to extend the mining operations at the Prominent Hill copper-gold mine, in South Australia. Under the contract, Thiess would undertake the...

Oz Minerals buys stake in Sandfire Resources for A$100m

ASX-listed copper-miner Oz Minerals has acquired a 19% interest in fellow-listed Sandfire Resources for A$100-million. Oz acquired some 25,8-million shares in Sandfire from a small number of high net worth investors, while the balance was...

Australia’s 2009 gold output expected to increase

Australian gold production is expected to rise as new and redeveloped operations came into production, with for 2009 likely exceeding that of 2008. Industry consultants Surbiton Associates said that the biggest boost to production would come when...

Oz Minerals names Burgess as new CEO

Melbourne-based diversified miner Oz Minerals has appointed Terry Burgess as its MD and CEO, conditional on the completion of the proposed sales agreement with China’s Minmetals. The completion of this transaction was dependent on the receipt...

Prominent Hill achieving design throughput – Oz Minerals

Australia’s third-largest diversified miner, Oz Minerals, said on Monday that its flagship Prominent Hill copper/gold mine was achieving its design throughput rates, about a month after delivering its first ore shipment in April. Oz Minerals...

Australia’s 2008 gold output may fall to lowest level since ’89

Australia's gold production increased by 3% to 56 tons in the September quarter, compared with the previous three-month period, although this was still the third-lowest quarterly output recorded by the country in the past 20 years, mining...