OZ Minerals Carrapateena project gets tick of approval

Company News

by Anna Napoli

Mining company, OZ Minerals (ASX:OZL) has received approval from the South Australian government for its $916 million dollar Carrapateena project.

The tick of approval paves the way for phase two construction on the copper gold project this month.

The Carrapateena project is one of the largest mines under construction in Australia and is expected to generate around 1000 jobs.

The company says receiving the mining lease and environmental approval is a result of State and Federal government working closely to ensure the project received a robust review.

Shares in OZ Minerals (ASX:OZL) are trading 0.61 per cent higher to $9.04

Anna Napoli

Finance News Network
Anna joined FNN February 2018 and also works with Channel 7 as a freelance producer. Anna has also worked as a lawyer and lecturer. She has also presented news updates for interstate news with Southern Cross Austereo.