OZ MINERALS has announced it is extending loan repayments as agreed upon with its lenders.
According to the company, its contracts allow the miner to extend refinancing dates as long as it endeavours to refinance its facilities.
The company has requested an extension until 29 December 2008 for repayments totalling more than AUD$850million.
The global financial crisis prompted a collapse in OZ's main metals, zinc and copper, in September 2008.
OZ Minerals says it is not defaulting on the loans and confirms it is not in payment default under any of its financing facilities.