Oxiana Limited

Oxiana Limited

Formerly	Golden Plateau
Company type	Public
Traded as	ASX: OXR
Industry	Mining
Founded	1932
Defunct	2008
Headquarters	Melbourne, Australia
Key people	Barry Cusack (Chairman) Owen Hegarty (Managing Director)
Revenue	$1.1 billion (2007)
Operating income	$595 million (2007)
Net income	$305 million (2007)
Website	www.oxiana.com.au

Oxiana Limited was an Australian copper and gold miner and exploration company.

History

Oxiana was founded in 1932 as Golden Plateau and listed on the Australian Stock Exchange. In the early 1980s, the company shifted its focus from gold mining to gold exploration. In 1995, Golden Plateau was renamed Oxiana Resources and in 2003 to Oxiana Limited.[1]

The company's operations were located in Laos, Australia, Cyprus and the Philippines. It was focused on the operation and development of the Sepon copper and gold project in South East Laos, the Golden Grove Mine in Western Australia and development of the Prominent Hill copper/gold deposit in South Australia.

In June 2005, Oxiana purchased the Golden Grove Mine from Newmont.[2]

In February 2007 Oxiana launched a friendly takeover bid for Agincourt, this bid was accepted in April. Oxiana acquired through this the Wiluna Gold Mine, the energy company Nova with its uranium rights at Wiluna and the Martabe Gold Project in Sumatra.[3]

Oxiana sold the Wiluna Gold Mine in July 2007 to Apex Minerals.[4]

In March 2008, Oxiana and Zinifex announced they intended to merge.[5] The merger took effect on 20 June 2008 with a rebrand to OZ Minerals on 18 July 2008.[6][7]

In 2023, Oxiana (Cambodia) Limited, a foreign subsidiary of Oxiana Limited that later became a part of the Oz Minerals group, was investigated by the AFP over alleged foreign bribery.[8]

References

1. History Oxiana
2. Oxiana to Acquire Golden Grove Base and Precious Metal Operation Oxiana 24 June 2005
3. Oxiana Limited. "Agincourt takeover bid closes" (PDF). Oxiana Limited. Archived from the original (PDF) on 31 August 2007. Retrieved 2 November 2007.
4. Australian Associated Press. "Apex acquires Wiluna mine for $80.5m". ninemsn. Archived from the original on 5 June 2011. Retrieved 1 November 2007.
5. Oxiana and Zinifex to merge to create a major diversified mining company Zinifex 3 March 2008
6. Court gives final approval for Oxiana Zinifex merger Oxiana 20 June 2008
7. Vote ushers in the beginning of OZ Minerals OZ Minerals 22 July 2008
8. "An Australian mining company investigated by the AFP over alleged foreign bribery has agreed to confiscation orders to the value of at least $9.3 million | Australian Federal Police". www.afp.gov.au. Retrieved 30 September 2024.