COPPER MINES AND MINING – AUSTRALIA

OZ looks at stepping up output

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Original article by Matt Chambers
The Australian – Page: 20 : 23-Feb-18

OZ Minerals has posted a 2017 net profit of $A231m, which is 114 per cent higher than previously. CEO Andrew Cole says the company hopes to begin an early-stage scoping study on a potential expansion of the Carrapateena copper and gold mine in early 2019. The South Australian mine is under construction and slated to commence production in late 2019. OZ Minerals shareholders will receive a final dividend of $A0.14 per share, with a full-year payout of $A0.20 per share.

CORPORATES
OZ MINERALS LIMITED – ASX OZL, CASSINI RESOURCES LIMITED – ASX CZI

Nickel miner pins hopes on electric cars

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Original article by Paul Garvey
The Australian – Page: 18 : 11-Sep-17

Australian-listed Independence Group is well-placed to benefit from rising demand for nickel, cobalt and copper as sales of electric vehicles rise. The company’s Nova mine produces all three metals, and Independence MD Peter Bradford says it has received a number of enquiries regarding supply deals when existing off-take arrangements with BHP Billiton and Glencore expire. Bradford notes that factors other than demand from the electric vehicle industry have prompted the recent rise in the price of nickel and copper.

CORPORATES
INDEPENDENCE GROUP NL – ASX IGO, BHP BILLITON LIMITED – ASX BHP, GLENCORE PLC, SIRIUS RESOURCES NL, PANORAMIC RESOURCES LIMITED – ASX PAN, MINCOR RESOURCES NL – ASX MCR, FIRST QUANTUM MINERALS LIMITED, TESLA INCORPORATED

Newcrest dividend back on the cards

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Original article by Barry FitzGerald
The Australian – Page: 20 : 16-Feb-16

Newcrest Mining has reported a 2015-16 interim net profit of $US63m, compared with $US180m previously. The result was marred by a sharp fall in the price of gold and copper during the half-year. Newcrest’s net debt fell by $US235m to $US2.65bn during the period. while its gearing eased from 29.3 per cent to 28.1 per cent. Newcrest has previously indicated that it may resume paying a dividend when its gearing falls to 25 per cent.

CORPORATES
NEWCREST MINING LIMITED – ASX NCM, EVOLUTION MARKETS LLC, CREDIT SUISSE (AUSTRALIA) LIMITED

OZ Minerals reaps the reward of high grades

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Original article by Peter Ker
The Australian Financial Review – Page: 19 : 11-Feb-16

OZ Minerals has posted a 2015 net profit of $A130.2m, compared with $A48.5m for the previous calendar year. CEO Andrew Cole is upbeat about the group’s outlook for 2016, forecasting an increase in production of both gold and copper. He is confident that OZ Minerals will be able to keep paying a dividend while developing the Carrapateena copper project. Shareholders will receive a full-year dividend of $A0.20 per share.

CORPORATES
OZ MINERALS LIMITED – ASX OZL, BELL POTTER SECURITIES LIMITED, CITIGROUP PTY LTD, AUSTRALIAN FEDERAL POLICE, RENAISSANCE MINERALS LIMITED – ASX RNS

Creasy still ‘very happy’ with Independence bid for Sirius

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Original article by Tess Ingram
The Australian Financial Review – Page: 20 : 5-Aug-15

Sirius Resources’ shareholders will vote on the proposed takeover offer from Independence Group in September 2015. The sharp fall in the suitor’s share price since the bid was revealed in May has significantly reduced the implied value of the bid. Mark Creasy, who holds a 35 per cent stake in Sirius, says he continues to support the bid and adds that there is no indication that a rival bid for Sirius will emerge.

CORPORATES
SIRIUS RESOURCES NL – ASX SIR, INDEPENDENCE GROUP NL – ASX IGO, DIGGERS AND DEALERS FORUM

Creasy still ‘very happy’ with Independence bid for Sirius

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Original article by Tess Ingram
The Australian Financial Review – Page: 20 : 5-Aug-15

Sirius Resources’ shareholders will vote on the proposed takeover offer from Independence Group in September 2015. The sharp fall in the suitor’s share price since the bid was revealed in May has significantly reduced the implied value of the bid. Mark Creasy, who holds a 35 per cent stake in Sirius, says he continues to support the bid and adds that there is no indication that a rival bid for Sirius will emerge.

CORPORATES
SIRIUS RESOURCES NL – ASX SIR, INDEPENDENCE GROUP NL – ASX IGO, DIGGERS AND DEALERS FORUM

OZ Minerals CEO sees bright copper future

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Original article by Simon Evans
The Australian Financial Review – Page: 17 : 14-Apr-15

Australian-listed copper miner OZ Minerals will consider acquisitions, but CEO Andrew Cole has ruled capitalising on low valuations to expand into iron ore. He is upbeat about the outlook for copper, forecasting that demand will remain strong. OZ Minerals will release the results of a review of its operations on 20 April 2015. Its shares closed 0.8 per cent lower at $A3.80 on 13 April

CORPORATES
OZ MINERALS LIMITED – ASX OZL, TORO ENERGY LIMITED – ASX TOE, SANDFIRE RESOURCES NL – ASX SFR