Pybar wins $65m contract to build the Carrapateena decline
OZ Minerals has awarded Pybar Mining Services the $65 million contract to build the Carrapateena decline in South Australia. The contract includes the following:
- A 600 metre deep and 7.5 kilometre long decline
- A 20 metre deep box cut
- 5 kilometres of ventilation raises
- All surface infrastructure such as workshops, offices and a temporary power station
“Carrapateena has compelling project economics and by starting the decline now, we are further de-risking the project and creating more shareholder value.
Building the decline now creates approximately $90 million in net present value.” – OZ Minerals CEO, Andrew Cole
Source: OZ Minerals
Earlier this year, OZ announced its intentions of increasing work on its huge Carrapateena copper deposit. Oz also announced that it plans to expand the project’s output from 2.8 million tonnes to 4 million tonnes after an extensive pre feasibility study.
Construction is expected to begin in September 2016. Pybar will also be working with the Kokatha people - who are the traditional land owners around Carrapateena - as part of their tender.
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Source: Australian Mining
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