Oz Mining has won the Phase-2 Rocklands mining contract, expected to commence this week.
Rocklands owner CuDeco said Oz Mining was very familiar with the copper project and had started mobilising
equipment and personnel to site.
They take over from Andy’s Earthmovers, which had a six-month contract for mining operations at the copper mine, 17km west of Cloncurry.
Roc-Drill will continue drill and blast activities at the site.
The company late last month announced that terms of a HKD 80 Million short-term loan which was due for repay had been extended until September 30, 2017.
CuDeco said it was negotiating with a number of parties to secure a longer term restructured complete financing facility.