OZ Minerals jumps on FY result

Burgess to exit within 12 months, swings to FY loss, shares lift 10%.

OZ Minerals (OZL) shares have risen as the miner said it will continue to investigate growth opportunities after swinging to a net loss in the 2013 financial year, on the back of lower production and commodity prices.

The board of OZ Minerals also announced its intention to begin a staged succession planning process, which will see OZ Minerals managing director Terry Burgess replaced within the next twelve months.

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