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MEI Online: People News: Australasia: May 6th 2009


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:: OZ CEO Michelmore to Resign

OZ Minerals chief executive Andrew Michelmore will resign as soon as a sale of most of the Australia mining house's assets to China's Minmetals is completed, the company said on Tuesday.

Michelmore, the architect behind the A$1.2bn ($883m) transaction, due to be completed later this year and aimed at saving OZ from liquidation by its creditors, will take up an executive position with Minmetals, the company also said.




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