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OZ Minerals green-lights Brazil underground

OZ Minerals’ push into Brazil, solidified by the A$430 million acquisition of Avanco Resources in 2018, has kicked up a gear with the approval of the new Pedra Branca underground copper-gold mine and a raft of agreements with Vale, Brazil’s largest miner.

OZ Minerals green-lights Brazil underground OZ Minerals green-lights Brazil underground OZ Minerals green-lights Brazil underground OZ Minerals green-lights Brazil underground OZ Minerals green-lights Brazil underground

Pedra Branca in northern Brazil

OZ said it was looking at "value, not tonnes", and today's announcements of mines, deals and targets were a confirmation of its low-risk, modest cost Carajas Hub strategy.

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