Pybar have won the contract to build OZ Minerals’ Carrapateena decline.
OZ announced its intention to ramp up work on its massive Carrapateena copper deposit earlier this year, as well as plans to expand the project’s planned output, moving from 2.8 million tonnes originally announced in February to 4 million tonnes following extensive prefeasibility studies.
The miner has now awarded the contract to construct the decline to Pybar.
Valued at $65 million, the contract comprises a 600 metre deep, 7.5 kilometre long decline, a 20 metre deep box cut, 1.5 kilometres of surface ventilation raises, and all surface infrastructure – such as offices, workshops, 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,” OZ Minerals CEO Andrew Cole said.
“Building the decline now creates approximately $90 million in net present value.”
As part of Pybar’s tender, it will work with the Kokatha people, the traditional owners of the land around Carrapateena.