Australia Markets open in 9 hrs 52 mins

OZ Minerals to fast-track SA mine

Mining company Oz Minerals says it will create hundreds of jobs by fast-tracking plans for a new mine in South Australia.

It says ramped-up activity at the copper and gold Carrapateena mine, north of Port Augusta, will create about 400 construction jobs and a similar number of permanent jobs.

Carrapateena would also reap about $150 million in annual revenue by the time production begins in 2019, Oz Minerals said on Friday.