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Pybar wins $65m contract to build the Carrapateena decline

News, Projects

Posted by Monica Gameng

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

Carrapateena GeologistsSource: 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

Monica Gameng

Monica Gameng

Monica is a Marketing Assistant who handles blog content creation. She has a background in IT and has passion for research and writing.