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OZ Minerals Ltd & China Minmetals Nonferrous Metals Co Ltd	Update Date: 02/18/09
Date Announced: 02/16/09
Value (million $USD): 1.67 billion U.S. Dollar 2.58 billion Australian Dollar

Status: Pending

TRANSACTION DETAILS
Date Announced	02/16/09
Date Originally Announced	02/16/09
Format	Merger	Acquisition techniques	Scheme of Arrangement
Attitude	Friendly	Agency	Unspecified Regulatory Auth.; Department of Defense
Value	1.67 billion U.S. Dollar 2.58 billion Australian Dollar	Advisor Fees	n/a

SYNOPSIS

AUSTRALIA - China Minmetals Nonferrous Metals Co Ltd, a unit of Chinese state-owned China Minmetals Corp, agreed to acquire the entire ordinary share capital of OZ Minerals Ltd, a copper, lead, zinc, and gold mining company, for 0.825 Australian dollar (3.653 Chinese yuan/$0.536 US) in cash per share, or a total value of A$2.575 bil (11.403 bil yuan/$1.673 bil). The transaction was to be effected via a scheme of arrangement, was approved by the board of directors, and subject to the approval of the shareholders, regulatory authorities, and to due diligence completion.

TARGET
Name	OZ Minerals Ltd (Australia : OZL)
Industries	Lead and zinc ores; Gold ores
City	Melbourne, Victoria
State	n/a
Nation	Australia
Incorporated in	n/a
Public Status	Public
Business Description	OZ Minerals Ltd, based in Melbourne, Australia, is a copper, lead, zinc and gold mining company which operates within three joint ventures in Australia including the Apollo Hill JV, the Jillwarra JV and the Narndee JV. The company was founded in 2008.
Advisors	Goldman Sachs JBWere Pty Ltd; Caliburn Partnership Pty Ltd
Target Sales	980.1 million U.S. Dollar 1.02 billion Australian Dollar

ACQUIROR
Name	China Minmetals Nonferrous Metals Co Ltd
Industries	Secondary nonferrous metals; Copper foundries; Primary metal products, nec; Iron ores; Lead and zinc ores; Copper ores
City	Beijing
State	n/a
Nation	China
Incorporated in	n/a
Public Status	Subsidiary
Business Description	China Minmetals Nonferrous Metals Co Ltd is a metals and mining company, headquartered in Beijing. The company is engaged in the production of metals and minerals that include copper, aluminum, tungsten, tin, antimony, lead, zinc, iron and steel. The company was founded in 2001.
Advisors	UBS Investment Bank
Acquiror Sales	n/a

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