OZ Minerals today announced the Western Australian government has granted the third and final key regulatory approval required to allow construction of the West Musgrave project located near Jameson in Western Australia.
Earlier this month Oz Minerals rebuffed BHP Group and its A$8.34 billion takeover bid stating that the offer undervalues the company. Oz Minerals is up 52% in the past 30 days to $25.69 a share. The project is on track for a final investment decision during this final half of the year. In addition to completion of the mining agreement with representatives of the traditional owners, the team is finalising various study components and continuing to assess the impact of cost inflation and the operational environment on project cost and schedule.
Source: News Formal (newsformal.com)
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