While announcing the company's annual results today, Chief Executive of OZ Minerals, Terry Burgess, announced that the Melbourne-based miner was still completely focused on implementing the strategy which he had introduced about three months back, which was inclusive of targeting copper acquisitions which are in the low-risk regions.

The miners today posted a loss of 517.3 Million for 2009, which is in-line with the guidance that was shared earlier during the month for a loss which would fall between $500 Million and $520 Million.

"It was a very strong year out of Prominent Hill and we are pleased with how it has progressed. Our key focus is the exploration around Prominent Hill. Regional exploration around Prominent Hill is the key activity for the exploration team and the business development team continues to look for opportunities and they will only be developed if we can see there is value out there", said Mr. Burgress.

No final dividends have yet been posted by the miner, in line with the preceding year. Mr. Burgess said that the board will review its position on dividend payments ahead of the first-half result in the middle of the year.