OZ Minerals Scramble To Refinace, 1200 Mine Worker Job Losses


Melbourne-based OZ Minerals will today detail 1200 job losses for staff and contractors at its Australian, Indonesian and Laotian operations, while Swiss-based Xstrata has decided to bite the debt bullet and pull in $US5.9 billion ($A8.8 billion) from a heavily discounted 2-for-1 rights issue.