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OZ Minerals Will Spend About $700 Million To Build A Copper Mine In Australia

- Aug 25, 2017 -

According to foreign August 24, OZ Minerals Ltd. said in Thursday that the company will begin construction of Carrapateena copper mine in Australia, which is expected to cost 916 million Australian dollars (US $724 million), the largest untapped copper in Australia

Mine project.

The Carrapateena copper mine, which is about 160 kilometres from the Indian Ocean, will start production in the fourth quarter of 2019, with an average annual production of 65,000 tonnes of copper and 67,000 ounces of gold in the next 20 years, says OZ minerals.

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