OZ Minerals Ltd
(ASX:OZL) says a 600m deep, 7.5km long access tunnel will begin construction in August, for its Carrapateena project.
Carrapateena is an iron-oxide copper-gold deposit, owned by OZ Minerals in South Australia.
The company says the contract is worth around $65 million.
OZ Minerals also says it awarded this construction contract to PYBAR Mining Services, and the building of the access tunnel will create $90 million in net present value.
OZ Minerals reported a net profit of $130 million at 31 December 2015.
