10 November 2016
One of Australia’s largest planned resources developments, OZ Minerals’ $975 million Carrapateena copper mine in South Australia, reached two key milestones this month. Representatives from OZ Minerals and Traditional Owners, the Kokatha people, travelled to the site located 450 kilometers north of Adelaide to sign a landmark agreement to partner on the project. South Australian Premier Jay Weatherill officially opened a planned 5.5 kilometre underground decline or tunnel to access and mine one of Australia’s largest undeveloped copper deposits. “We are delighted to commence this exciting project in partnership with the Kokatha people. The robust economics of the Carrapateena project will deliver huge benefits to the community and State of South Australia” said OZ Minerals’ Chairman, Neil Hamilton.
Coupled with the future opportunity to expand the Carrapateena project is the construction of an offsite high-tech copper Concentrate Treatment Plant, which will allow a purer and more valuable form of copper concentrate to be exported globally. The Carrapateena project is expected to create over 1000 jobs in the construction to production phase, with an estimated 20-plus year mine life and will pump millions of dollars into regional South Australia.
To keep abreast of the project register your interest at www.ozminerals.icn.org.au