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OZ reports turnaround after loss last year

| Publication date 26 August 2010 | 08:00 ICT

OZ reports turnaround after loss last year

AUSTRALIAN miner OZ Minerals – which is exploring mining concessions in northeast Cambodia – reported a A$405.7 million (US$359.6 million) profit for the first half of 2010, after losing A$585.6 million during the same period last year. The firm announced an initial “foundation resource” of 605,000 ounces of gold at its Okvau tenement in Cambodia’s Mondulkkiri province earlier this year.

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