OZ Minerals

OZ Minerals emerged on July 1, 2008, from the merger of two Australian mining companies, Oxiana and Zinifex. This strategic union was aimed at creating a more robust entity capable of competing on a global scale in the mining industry. The merger was seen as a "merger of equals," combining the strengths of both companies to enhance their operational capabilities and market reach.

In the early days, OZ Minerals focused on mining and processing ore containing copper, gold, and silver, while also engaging in exploration activities to discover new mining opportunities. The company quickly established itself as a significant player in the mining sector, leveraging its combined resources and expertise.

A pivotal moment in OZ Minerals' history came in February 2009 when China Minmetals made a takeover offer. This proposal was part of a broader trend of Chinese firms seeking to acquire stakes in the Australian mineral sector. The offer was accepted by OZ Minerals' board, marking a significant shift in the company's ownership structure.

Fast forward to April 2023, OZ Minerals was acquired by BHP, a global mining giant. This acquisition marked another major milestone in the company's journey, integrating OZ Minerals' operations into BHP's extensive portfolio. The acquisition by BHP underscored the value and potential of OZ Minerals' assets and operations.

Today, OZ Minerals continues to play a crucial role in the mining industry, contributing to the global supply of essential minerals. Its journey from a merger to becoming part of a global mining leader highlights the dynamic nature of the mining sector and the strategic decisions that drive its evolution.