Part of the reason for the $126m being spent in just 8 days was due to "the Company’s decision to defer some projects which has had the effect of accelerating redundancies and closure costs".
On March 3 2008, it was reported in an ASX media release:
"The merged entity will combine two experienced and innovative management teams, and provide opportunities to leverage the abilities of more than 8,000 employees (including contractors) globally during a period of high demand for resources industry skills."
Using the references below, the number of staff and contractors at the sites at the given time:
Sepon: 5,020
Century: ~1,100 (218 employees, 752 contractors, as of June 2007)
Golden Grove: 780
Martabe: 320
Rosebury: 243 (186 employees, 57 contractors, as of June 2007)
Avebury might employ around 150 workers.
Prominent Hill: 500 (expected)
http://www.ozminerals.com/Media/docs/OXR_ZXF_merger_announcement_FINAL-7165aa3e-2291-4c48-9bfc-a0cb344cf7a8-0.pdf
http://www.ozminerals.com/Media/docs/oxiana_review_07_web-2d9f24d8-5164-426c-aa1e-2594fed5a587-0.pdf
http://www.ozminerals.com/Media/docs/2007_Zinifex_Corporate_Profile-f183746d-0e19-4913-8408-1a7e3be448e5-0.pdf
http://www.mineweb.com/mineweb/view/mineweb/en/page36?oid=73540&sn=Detail
http://www.theadvocate.com.au/news/local/news/general/another-60-mining-jobs-lost-on-coast/1373280.aspx
http://www.mineweb.com/mineweb/view/mineweb/en/page36?oid=73540&sn=Detail
- Forums
- ASX - By Stock
- OZL
- how many employees work for ozl now?
how many employees work for ozl now?
Featured News
Add OZL (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
FHE
FRONTIER ENERGY LIMITED
Adam Kiley, CEO
Adam Kiley
CEO
SPONSORED BY The Market Online