Copper and gold miner OZ Minerals Limited
(ASX:OZL) says it is on track to meet its full-year production target of up to 110,000 tonnes of copper.
The confirmation comes as OZ has posted higher second-quarter copper and gold production from its Prominent Hill mine in South Australia.
In its quarterly production report, OZ has also confirmed that it will buy back up to $200 million of its shares on market and that it has completed the capital return of $388.6 million to shareholders.
In response to the Federal Government’s recently proposed carbon tax, OZ anticipates the total cost incurred by the company to reach between $7 million to $10 million per year.
Oz Minerals recorded a net profit of $586.9 million in the year ended on 31 December 2010.
