IMF Australia announced it had issued a class action against OZ Minerals Limited in the Federal Court of Australia, on behalf of IMF clients who purchased OZ shares between 21 August 2008 and the end of November 2008. The company is alleging that OZ engaged in misleading and deceptive conduct by not disclosing debt refinancing details, when it was formed by a merger between Oxiana and Zinifex in March last year. IMF alleges that the company failed to properly disclose the refinancing agreement when it entered it three days before the merger was announced. This would mark a breach of the continuous disclosure regulations in the Corporations Act. IMF announced it intended to fund the class action in December last year, welcoming all shareholders who purchased OZ shares or swapped Zinifex shares for OZ shares to participate in the claim.

Toro Energy Ltd. announced that Andrew Coles has been appointed to the board of directors as a non-executive director and nominee of OZ Minerals Limited.

OZ Minerals Limited announced management appointments in the areas of Exploration and Business Development following the announcement of the departure of Tony Manini as Executive General Manager, Exploration and Business Development. Tony Houston, currently Manager Exploration-Asia, will become Head of Exploration for the company. He will be responsible for exploration activities and strategy in Australia, Cambodia and new project development. Richard Hedstrom has been appointed as Head of Business Development pursuing growth strategies for OZ Minerals. Replacing Richard, and expanding her current role, Natalie Worley will be Head of Investor and External Relations. Tony Manini's last day will be September 30, 2009.