Maca to wrap up Brazilian work

EARLY termination of OZ Minerals-subsidiary AVB Mineracao’s contract at the Antas copper mine in Northern Brazil has forced integrated services contractor Maca to call time on its five-year load and haul/drill and blast work order eight months earlier than expected.

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The Antas copper mine in Brazil

While Maca will retain ownership of most of the plant and equipment at the mine, early termination of the contract is expected to leave the company with actual losses of about $7 million.