Mining company pulls out of Jamaica
Key Points(5)
- The Australian mining company, OZ Minerals, says it is pulling out of Jamaica after three years of copper-gold exploration activities.
- “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.
The Australian mining company, OZ Minerals, says it is pulling out of Jamaica after three years of copper-gold exploration activities.
“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.
