Oz Minerals (ASX:OZL) Inventories, Work In Process : A$0 Mil (As of Dec. 2022)

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What is Oz Minerals Inventories, Work In Process?

Work in process is the part of a manufacturer's inventory that is in the production process and has not yet been completed and transferred to the finished goods inventory. Oz Minerals's work in process for the quarter that ended in Dec. 2022 was A$0 Mil.

Oz Minerals Inventories, Work In Process Historical Data

The historical data trend for Oz Minerals's Inventories, Work In Process can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Oz Minerals Inventories, Work In Process Chart

Oz Minerals Annual Data

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Inventories, Work In Process

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Oz Minerals Semi-Annual Data
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Oz Minerals Inventories, Work In Process Calculation

That part of a manufacturer's inventory that is in the production process and has not yet been completed and transferred to the finished goods inventory. This account contains the cost of the direct material, direct labor, and factory overhead placed into the products on the factory floor. A manufacturer must disclose in its financial statements the cost of its work-in-process as well as the cost of finished goods and materials on hand.

Oz Minerals (ASX:OZL) Business Description

Industry

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Address

2 Hamra Drive, Adelaide Airport, Adelaide, SA, AUS, 5950

Website

https://www.ozminerals.com

Oz Minerals is a midtier miner that produced 125,000 metric tons of copper and 240,000 ounces of gold in 2021. Production is mainly from Carrapateena and Prominent Hill mines in South Australia, with Brazil a minor contributor. It is increasing production at its Australian mines while also pursuing incremental production in Brazil, targeting annual production of 220,000 metric tons of copper and 400,000 ounces of gold later this decade. Carrapateena and Prominent Hill's cash costs will likely remain in the lowest quartile of the cost curve once expanded, while Brazilian operations are smaller and higher cost. The West Musgrave nickel project in Western Australia is likely to be approved in 2022, which will add an average of 26,000 metric tons of nickel for its 20-year-plus life.

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