OZ Minerals Limited
(ASX:OZL) says it will vigorously defend a multi-million dollar class action brought against it by Zinifex shareholders.
More than $250 million in compensation is being sought for allegedly misleading shareholders on the true position of its market debt.
The former Zinifex shareholders acquired the shares in OZ Minerals as the result of a 2008 merger between Zinifex and Oxiana.
OZ Minerals booked a net loss of $294.4 million in the 2013 calendar year.
