OZ Minerals (OZL) shares have jumped in morning trade, following speculation over the weekend that global mining giant Glencore Xstrata is considering a takeover bid.
At 1115 AEST, OZ Minerals shares were 4.54% higher at $4.61, against a benchmark index decline of 1.01%.
In a statement to the Australian Securities Exchange, OZ Minerals said it had not received a substantial shareholder notice from Glencore nor had it been been approached by Glencore in regard to any proposal.
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