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OZ Minerals’ Golden Grove mill shut for 3 to 4 weeks

Publishing Date
12 Jun 2009 11:04am GMT
Author
Mining Journal
OZ Minerals Ltd, selling US$1.4 billion of assets to China Minmetals Group, said a mill at its Golden Grove copper, zinc and gold mine in Western Australia will be shut for three to four weeks due to mechanical failure.
     A bearing in the mill failed and is being repaired, Melbourne-based OZ Minerals said today in a statement to the Australian stock exchange. The mine, located 450km north-east of Perth, is one of the assets being bought by Minmetals.
     Golden Grove produced 139,900t of zinc, 18,467t and 47,755oz of gold in 2008, according to OZ Minerals Web site. The sale is expected to be completed next week, Mark Liu, Minmetals project director for the transaction, told reporters yesterday in Melbourne.
     OZ Minerals advanced 14% to A$1.015 at 12:05pm Sydney time after shareholders yesterday approved the sale to Minmetals.

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