DJ OZ Minerals Aims For Jan Sale Of Martabe Gold Proj -Bloomberg

Posted on: Thu, 01 Jan 2009 15:58:00 EST


Symbols: OZMLF
Jan 01, 2009 (Dow Jones Commodities News via Comtex) --
OZMLF | Quote | Chart | News | PowerRating -- DOW JONES NEWSWIRES

OZ Minerals Ltd. (OZL.AU), the mining group which has just been given a two-month extension by its banks to refinance US$560 million of debt, is aiming to sell its Martabe gold project in Indonesia by the middle of next month, Bloomberg reported Wednesday, citing a preliminary sales document prepared by the firm's advisers.

The company is seeking bids for the venture, which has proven gold reserves valued around $2 billion, the news agency reported on its Web site. Matthew Foran, a spokesman for OZ Minerals, declined to comment on the details, Bloomberg said.

Full story: http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aZYFMYKFZ01U

(END) Dow Jones Newswires

01-01-09 1558ET

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