OZ Minerals
(ASX:OZL) says it will deliver another $25 million in cost reductions, having already delivered $20 million in savings since the program began last year.
To meet its goal, the company is renegotiating strategic supplier agreements and identifying production efficiencies.
Additional savings have also been made following the March demobilisation of equipment and staff at the open pit mine at Prominent Hill.
CEO Andrew Cole has indicated that the cost saving program will improve the company’s ability to position the business for future growth.
OZ Minerals Limited
(ASX:OZL) reported a net profit of $130.2 million for the six months to the end of December 2015.
