Weatherill

OZ Minerals and the South Australian Government have signed an A$10m deal where the mining company will relocate its head office from Melbourne to Adelaide, in a bid to reduce costs and move closer to its copper-gold mining operations.

The government is also investing in a new research partnership with Oz Minerals and local universities that aim to improve the quality of copper concentrates produced in the state.

Premier Jay Weatherill said: "The heart of OZ Minerals’ operations have always been in South Australia and it is great news the company has now chosen to call Adelaide its home.

"The move makes sense as Oz Minerals’ two major copper assets, Prominent Hill and Carrapateena, are here in South Australia.

"The move makes sense as Oz Minerals’ two major copper assets, Prominent Hill and Carrapateena, are here in South Australia."

As part of its commitment to the partnership, Oz Minerals is also investing $18m in the construction of a demonstration plant in South Australia.

New technologies will be developed to unlock the deeply covered mineral deposits, which will be beneficial to mining companies in Australia, and worldwide.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Mineral Resources and Energy Minister Tom Koutsantonis said the relocation is an agreement between the state government and Oz Minerals to jointly facilitate the development of South Australian copper projects.

The mining company has also agreed to engage with local universities to assist with its research.


Image: South Australia Premier Jay Weatherill. Photo: courtesy of Bilby.