OZ Minerals Update

Yesterday Oz Minerals sent a six page statement to the ASX detailing hundreds of millions of dollars of changes and cuts.

OZ Minerals says not only has it deferred a number of development projects and has entered negotiations to refinance debt.

Martabe gold project in Indonesia : suspended
Sepon Copper Project in Laos : deferred work until after 2009
Dugald River zinc project in Queensland : not commence until 2009
Izok Lake and High Lake project in Canada : deferred feasibility studies


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