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OZ Minerals CEO to join China Minmetals

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OZ Minerals Ltd yesterday said CEO Andrew Michelmore will resign and join China Minmetals as part of the Chinese firm's purchase of most of the Australian miner.

The A$1.2 billion (US$883 million) deal, aimed at saving OZ from liquidation by its creditors, is due to be completed mid next month following a shareholder vote.

(Shanghai Daily May 6, 2009)

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