how do you think of the next major copper-gold project in South Australia
Carrapateena in South Australia is shaping up as a major copper-gold project.
In a statement last month, the proponent (OZ Minerals) made clear its commitment to the project. The ore-production rate is to be increased over what was previously planned; work on a decline will commence next month (mining will be underground); and final processing will take place at Whyalla, a regional city approximately 200 kilometres south of the minesite.
All going well, construction will commence next year, with first production in 2019. Estimated capital cost: nearly A$1 billion (over US$700 million).
"The project estimated cost is close to A$1 billion (or over US$700 million)."
OZ Minerals says that the choice of Whyalla (as opposed to the mine site) for final processing is based on good access to “skilled labour, port, rail, roads, power, water, gas and oxygen”.
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