Posted in | News | Gold | Copper

OZ Minerals Looks to Start Construction at Carrapateena

OZ Minerals is hoping to begin the construction of a mine at the Carrapateena copper and gold project by mid 2015. The company recently acquired the project located in South Australia for $250 million from Adelaide-based prospector Rudy Gomez and the Australian arm of Canadian mining giant Teck in the month of May.

Mr Rudy Gomez had begun exploring the region in 1989, he discovered the Carrapateena project in 2004 with financial assistance from the South Australian government. He was awarded the 2011 Association of Mining and Exploration Companies prospector of the year award for this achievement.

OZ Minerals said that the Carrapateena project was similar to the company’s flagship mine at Prominent Hill in South Australia. It was currently considering the options for developing the new project. This included studying the low cost but risky block carving method that involved digging a grid of tunnels under an ore body, which results in rock collapsing in a controlled manner. This rock is then collected and processed. Studies on the mining style will continue in to early 2013.

The company is currently cashed up and is actively seeking more copper and gold joint ventures in which it can invest. OZ Minerals hopes to make investments in low to medium risk countries to ensure good potential returns.

Joel Scanlon

Written by

Joel Scanlon

Joel emigrated to Australia in 1995 and worked for five years in the mining industry as an exploration geotechnician, using GIS mapping and CAD software. Upon moving to the North Coast of NSW, Australia Joel worked as a graphic designer for a leading consultancy firm. After that, he ran a successful business providing web services to businesses along the eastern seaboard of Australia. During this time, he developed and launched News-Medical.Net. Joel has been working with AZoNetwork since the company was founded in 2000.

Citations

Please use one of the following formats to cite this article in your essay, paper or report:

  • APA

    OZ Minerals Limited. (2019, March 19). OZ Minerals Looks to Start Construction at Carrapateena. AZoMining. Retrieved on December 02, 2022 from https://www.azomining.com/News.aspx?newsID=4879.

  • MLA

    OZ Minerals Limited. "OZ Minerals Looks to Start Construction at Carrapateena". AZoMining. 02 December 2022. <https://www.azomining.com/News.aspx?newsID=4879>.

  • Chicago

    OZ Minerals Limited. "OZ Minerals Looks to Start Construction at Carrapateena". AZoMining. https://www.azomining.com/News.aspx?newsID=4879. (accessed December 02, 2022).

  • Harvard

    OZ Minerals Limited. 2019. OZ Minerals Looks to Start Construction at Carrapateena. AZoMining, viewed 02 December 2022, https://www.azomining.com/News.aspx?newsID=4879.

Tell Us What You Think

Do you have a review, update or anything you would like to add to this news story?

Leave your feedback
Your comment type
Submit