What is a major concern is the increase in the number of junior miners that are facing strife, if not administration.
There are questions surrounding the viability of OZ Minerals -- the Oxiana and Zinifex merger -- which is now fighting to extend its debt deadline for about $US550 million. When the businesses were brought together, the entity was worth $12 billion. Now it is just $1.7 billion.
OZL Price at posting:
$5.50 Sentiment: Buy Disclosure: Held