Copper and gold miner OZMinerals has seen earnings fall after a tough year mining resources Australia
PERTH – Takeover target OZ Minerals has seen net profits after tax for the 2022 financial year fall by 323.4% to A$207.3-million, while earnings before interest, taxes, depreciation and amortisation fell by 469.7% to A$692.7-million.
An extreme weather event during the first quarter and isolated conveyor belt failures at Carrapateena led to an increase in mining costs with repairs to the Western Access Road and repairs to the materials handling system. The impact of the downtime was partially offset by reduced power usage and running costs, together with opportune maintenance scheduling.
“In 2022 we continued to invest in our growth projects with expansions advancing at Carrapateena and Prominent Hill and final investment approval to develop our fourth operating asset, the West Musgrave copper/nickel project in Western Australia,” said Cole.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Intravenous therapy: A quick fix for dehydration and vitamin deficiency45 minutes, 500 milliliters, and an array of vitamins and minerals for you to choose from.
Read more »
Jackson lawmaker: Water takeover, HB 1020 would hurt not helpRep. Zakiya Summers talks about how legislative leaders are trying to address issues dealing with crime and water in Jackson without getting input from lawmakers who represent the capital city.
Read more »
Manchester United takeover battle heats up as hedge fund Elliott jumps inBattle to buy Manchester United heats up as activist investor Elliott jumps in at the last minute
Read more »
‘Violent and disruptive’: Chief says street takeover groups have been arrested in San Antonio“Violent and disruptive” — Police chief says ‘street takeover groups’ have been arrested in San Antonio
Read more »
Cellphone video shows dangerous illegal street takeover in heart of TexasShocking cellphone video from Saturday night shows hundreds of people crowded at a major intersection in Austin for what some call, a 'street takeover.'
Read more »