Evolution . Mr Hamilton declined to officially confirm if OZ had also been closely looking at the Cowal mine, as has been heavily speculated. We don't comment on speculation about sale processes, Mr Hamilton said.
Mr Cole also declined to comment on the likely acquisition targets for OZ, but said the company had four potential acquisitions that it was putting through its due diligence process. Mr Cole said it was a very systematic process, where the best prospect was at the top of the list and if another came onto the radar then the bottom one of the four potentials was put on the back burner.
Mr Cole also said that while the company had already earmarked $44 million in cost savings to come out through its restructuring there was still more savings that would be pursued. We have a long pipeline, he said.
Mr Hamilton said he didn't believe there would be a big acceleration in mergers and acquisitions across the mining industry, and that despite all the hand-wringing in bulk commodity areas like iron ore, which has been buffeted by sharply falling prices, it would be continued cost-cutting rather than takeovers that would be a feature in that segment.
I think that when it comes to the bulks (iron ore) there's not going to be much action, he said.
OZ was concentrating on producing the highest quality copper possible from Prominent Hill to guard against any further downturn in prices. That's your best line of defence, he said.
Meanwhile, ASX-listed Rex Minerals revealed on Monday that the upfront capital cost of its planned Hillside copper mine near Ardrossan on South Australia's Yorker Peninsula would be $480 million in a scaled back version. A year ago Rex was pursuing an $850 million project at Hillside.相关的主题文章：


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