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Friday, 19th December 2008 (2094 views)

OZ Minerals has reported that it has received interest from a number of firms in purchasing its Martabe gold project in Indonesia.

The Melbourne-based company is selling operations in order to refinance $560 million (£374 million) debt in the interests of its shareholders, Bloomberg reports.

Andrew Michelmore, OZ Minerals chief, told the news agency: "There are a number of parties who are very interested and they have done a lot of work on the evaluation."

The Australian diversified mining business has also revealed that BHP Billiton has expressed an interest in purchasing its Prominent Hill gold mine in South Australia.

OZ Minerals was established in July this year following the purchase of Zinifex by Oxiana and has been conducting intensive drilling at the mine,

In September, the firm announced an increase in its global resource base for the Prominent Hill project of 100 per cent to 7.4 million ounces of gold.

 

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