OZ Minerals CEO: Bullish on Copper Fundamentals Long Term

The video discusses the copper market outlook, highlighting the challenges in supply and demand due to decarbonization efforts. It emphasizes the need for new copper projects and investments. The impact of COVID-19, particularly the Delta variant, on operations and risk management is also covered. The video concludes with a brief outlook on gold and nickel, noting their roles in the company's strategy.

What is the main reason for the $600 million capital expenditure at Prominent Hill?

• To reduce labor costs

• To expand gold production

• To enhance copper production

• To invest in renewable energy

Why is there pressure on the copper supply side?

• Stable production costs

• Decreasing global demand

• Abundance of new copper mines

• Increasing production costs and declining grades

What is a key factor driving the demand for copper?

• Decarbonization and electrification

• Decreasing global population

• Decline in electric vehicle production

• Reduction in renewable energy projects

What is the company's aspiration regarding emissions?

• To increase emissions by 10%

• To maintain current emission levels

• To reduce emissions by 5%

• To achieve zero emissions

How has the company adapted to the COVID-19 pandemic?

• By reducing workforce

• By moving to a more virtual environment

• By halting all operations

• By increasing physical meetings

What is the company's stance on vaccination for its workers?

• Mandatory vaccination

• No vaccination required

• Incentivizing vaccination

• Vaccination only for senior staff

How does the company view gold in its strategy?

• As a replacement for copper

• As the main revenue source

• As a byproduct of copper strategy

• As a primary focus