Oz Pulls The Trigger At Pedra Branca, Launches Brazilian Hub Strategy

The board of copper/gold miner Oz Minerals has taken a final investment decision on the $35-million Pedra Branca mine, in Brazil.

The one-million-tonne-a-year underground operation is expected to have a mine life of eight years, and would produce some 18 000 t/y of copper and 11 000 oz/y of gold.

Decline construction is expected to start in December and first development ore from Pedra Branca has been targeted for mid-2020.

(Image by monicore from PixaBay)