CaribbeanJamaica

Mining company pulls out of Jamaica

By CNW Reporter

The Australian mining company, OZ Minerals, says it is pulling out of Jamaica after three years of copper-gold exploration activities.

- Advertisement -
Journey to Kingston-728x90

“OZ Minerals, and especially the Bellas Gate management and geological team, would like to take this opportunity to thank Jamaica and its people for their support, hard work and friendship during the company’s time here,” the company said in a statement.

OZ Minerals’ operations comprise five wholly owned tenements at Bellas Gate in Clarendon, and the Rodinia in Portland. It said the withdrawal should be completed in late 2016 after it closes out formal legal agreements and tenement transfers with Carube Copper Corp, its local partners.

OZ Chief Executive Officer Andrew Coles said the company had decided to quit its operations in  Jamaica because the mineral deposits discovered were not satisfactory.

 

 

 

 

 

More Stories

Venezuela dismisses Guyana, CARICOM concerns over Essequibo brooch

Venezuela has brushed aside concerns raised by Guyana and the Caribbean Community (CARICOM) over a brooch worn by Acting President Delcy Rodríguez depicting a...
Andrew Holness

Jamaica House passes NaRRA bill after marathon debate, amid opposition concerns

The Jamaica Labour Party government led by Andrew Holness used its parliamentary majority in the early hours of Wednesday to pass the National Reconstruction...
Angela Brown Burke

Chaos in Jamaica Parliament as MP Brown Burke suspended over mace incident

Chaos briefly halted proceedings in the House of Representatives of Jamaica on Tuesday after Opposition MP Angela Brown Burke was named and suspended following...
Godwin Friday

St. Vincent PM outlines rules-based plan to tackle debt and stabilize economy

Prime Minister Godwin Friday says his administration will pursue a rules-based fiscal strategy to address Saint Vincent and the Grenadines’s mounting debt and fragile...
Grenada Sign

Grenada strengthens Canadian tourism push with Toronto mission

The Grenada Tourism Authority (GTA) has wrapped up a high-level marketing mission in Toronto aimed at boosting arrivals from Canada, one of the destination’s...

Sandals Foundation brings environmental learning to Caribbean students for Earth Day

Students of Chalky Hill Primary School were among more than 300 children across nine Caribbean islands who stepped out of the classroom and into...
Airbnbs in Jamaica

Jamaican gov’t passes measure to tax Airbnb-style rentals starting 2027

The Jamaica House of Representatives has approved new tax measures that will impose General Consumption Tax (GCT) on short-term rental accommodations, including Airbnb-style properties,...
Jamaica police force JCF

INDECOM probes fatal police shootings as death toll climbs to 37 for April

The Independent Commission of Investigations (INDECOM) has launched probes into four separate incidents involving members of Jamaica’s security forces in which five men were...
Guyana’s President Dr. Mohamed Irfaan Ali

Guyana President voices alarm over Venezuela Essequibo symbol display

Guyana’s President Dr. Irfaan Ali has expressed “grave concern” over the public display of a brooch worn by Venezuela’s Acting President Delcy Rodríguez that...
Andrew Holness Jamaica

PM Holness says contractors must step up to meet 150,000 housing goal

Jamaica's Prime Minister Andrew Holness is urging the development of an enterprise-level contracting sector to support the Government’s target of delivering 150,000 housing solutions...

Latest Articles

Load more