There has been some speculation for some time regarding Oxiana's possible takeover of ZFX. Owen Hegarty has clearly stated his intent to turn Oxiana into a major mining house the size of WMC.
Read the post: "Oxiana upbeat on prospects for zinc"
here: http://business.smh.com.au/oxiana-upbeat-on-prospects-for-zinc/20080123-1npz.html