Prominent Hill life extended to at least 2028

Copper and gold miner Oz Minerals has released a new mine plan for its Prominent Hill operation, in South Australia, which will see the mine operate through to at least 2028. The company told shareholders on Tuesday that underground production at Prominent Hill would increase from a rate of between 2-million and 2.2-million tonnes a year, to between 3.5-million and 4-million tonnes a year by 2019, with mining costs projected to be in the bottom-half of the cost curve.