OzMin on the prowl

Townsville Bulletin - - NEWS -

OZ MIN­ER­ALS is hunt­ing for ac­qui­si­tions fol­low­ing its strong­est quar­terly cop­per pro­duc­tion re­sult in five years. But the Ade­laide- based miner says it hasn’t been able to find suit­able as­sets, de­spite weak­ness in the re­sources sec­tor. Man­ag­ing di­rec­tor An­drew Cole said Oz Min­er­als was be­gin­ning to de­liver on its growth strat­egy, which it an­nounced in April, as it looks to make fur­ther cost re­duc­tions. Dur­ing the June quar­ter, the com­pany pro­duced 32,991 tonnes of cop­per, its best re­sult since 2010.

An­drew Cole.

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