Oxiana Ltd, mining comany, reported 2007 revenue of $1.1 billion, lower than $1.27 billion in 2006. Net income declined to $305 million from $553 million and earnings per share fell to 20.24 cents from 40.14 cents in 2006. The company is conducting feasability study for Martabe gold project in Indonesia and exlore for more resources in Prominent Hill project. The company plans to spend as much as $1 billion in capital expansion.
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