Tag: Prominent Hill

OZ Minerals has allocated an additional $6m-$9m in capital expenditure for its Prominent Hill mine this year, after deferring funding earlier in 2020 due to uncertainties posed by COVID-19. Located in one of the world’s most mining-friendly locations, Prominent Hill possesses highly competitive fundamentals. The large copper-gold mine, located 650km north west of Adelaide and 130km south-east of Coober Pedy in South Australia, delivers a high grade resource, with the ore processed using conventional methods. The underground decline development at Prominent Hill will allow OZ Minerals to begin mining the western side of the Malu orebody in a bottom-up sequence. It will also open up the pathway to bottom-up mining from deeper underground from mid to late 2021. According to...

Prominent Hill mine. Image: OZ Minerals.   BY ELIZABETH FABRI   WITH a history dating back to the 1800s, the South Australian resources sector is a continued force in Australian mining, boasting a portfolio of world-class projects and new exploration prospects for the next generation of mining.   South Australia is a proud mining region, with many noteworthy accolades to its name. To begin, the State is home to the world’s largest known uranium deposit and Australia’s largest underground mine, Olympic Dam. It also hosts 68 per cent of the country’s copper resources, 80 per cent of its uranium resources, 28 per cent of the economic gold resources, and more than 14 billion tonnes of iron ore. In 2016, the region...

The 20-metre deep box cut being constructed at Carrapateena. By Elizabeth Fabri MOMENTUM is building across the OZ Minerals portfolio as works advance on the second decline at Prominent Hill, and construction begins at the highly anticipated Carrapateena project. In September, OZ Minerals began works on the Carrapateena decline, pushing the miner another step closer to delivering first concentrate in late 2019. On 30 September a host of industry officials, including South Australian Premier Jay Weatherill, visited the site to celebrate the discovery of one of the country's largest undeveloped copper deposits. “Carrapateena has compelling project economics and by starting the decline now, we are further de-risking the project and creating more shareholder value,” OZ Minerals managing director and chief executive Andrew...