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Construction ramps up at Carrapateena

OZ Minerals is planning to exploit the potential of the broader Carrapateena province in South Australia as it progresses construction of the copper-gold development in 2018.

The company, in its 2017 fourth quarter update, reported that its focus at Carrapateena remained on progressing construction of the project, on time and within budget.

OZ launched construction of Carrapateena last year after approving development of the $916 million operation in August.

Managing director and chief executive officer, Andrew Cole, today outlined OZ’s wider strategy at the site.

“2018 will see renewed focus on the Khamsin and Fremantle Doctor prospects and additional exploration at Punt Hill, the newest of our joint ventures, 50km south of Carrapateena,” Cole said.

“We will also begin investigating future options for the remainder of the Carrapateena mineralised zone.”

Carrapateena has been forecast to produce 65,000 tonnes (t) of copper and 67,000 ounces (oz) of gold a year over its 20-year mine life once it is operational.

The project, which OZ expects to commission by fourth quarter 2019, is expected to create around 1000 jobs during construction. Read more…

 

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