OZ Minerals to Build New Copper Mine at Cost of $700 million-Shanghai Metals Market

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OZ Minerals to Build New Copper Mine at Cost of $700 million

SMM Insight 11:23:09AM Aug 24, 2017 Source:SMM

SHANGHAI, Aug. 24 (SMM) – OZ Minerals Ltd. said Thursday it would invest A$916 million or $724 million to develop its Carrapateena copper mine in Australia, to meet the increasingly growing demand for copper across the global. 

The Carrapateena copper mine, which is about 160 kms or 99 miles north of Port Augusta, will come online in the fourth quarter of 2019, and yield an average of 65,000 tonnes of copper and 67,000 ounces of gold a year over 20 years. 

Its cash costs are estimated at 62 cents per lb. 

The article is edited by SMM and is provided for information purpose only. SMM assumes no liability and does not warrant the accuracy, reliability or completeness of information contained or quoted in the article, either express or implied. SMM further disclaims any liability for losses in connection with the information contained or quoted in the article.

For news cooperation, please contact us by email: sallyzhang@smm.cn or service.en@smm.cn.

Key Words:  copper mine  copper price  copper ore 

OZ Minerals to Build New Copper Mine at Cost of $700 million

SMM Insight 11:23:09AM Aug 24, 2017 Source:SMM

SHANGHAI, Aug. 24 (SMM) – OZ Minerals Ltd. said Thursday it would invest A$916 million or $724 million to develop its Carrapateena copper mine in Australia, to meet the increasingly growing demand for copper across the global. 

The Carrapateena copper mine, which is about 160 kms or 99 miles north of Port Augusta, will come online in the fourth quarter of 2019, and yield an average of 65,000 tonnes of copper and 67,000 ounces of gold a year over 20 years. 

Its cash costs are estimated at 62 cents per lb. 

The article is edited by SMM and is provided for information purpose only. SMM assumes no liability and does not warrant the accuracy, reliability or completeness of information contained or quoted in the article, either express or implied. SMM further disclaims any liability for losses in connection with the information contained or quoted in the article.

For news cooperation, please contact us by email: sallyzhang@smm.cn or service.en@smm.cn.

Key Words:  copper mine  copper price  copper ore