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Carrapateena gets green light

Improved economics and a rising copper prices have given the board of OZ Minerals confidence to move to development of the A$916 million (US$724 million) Carrapateena copper-gold project in South Australia.

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The proposed Carrapateena plant

Ongoing feasibility work has boosted the net present value by 18%, or $140 million, to $910 million, with higher consensus commodity prices providing $100 million of the increase.