Oz Minerals reveals SA exploration plans

Mining company Oz Minerals plans to spend $58 million on exploration in 2013, mostly in South Australia.

The company's report for the last quarter of 2012 outlines plans to spend $25 million at Prominent Hill and $26 million allocated to Carrapateena.

The remaining $7 million of the exploration budget is for global regional exploration.

Oz Minerals has also committed to buying a remanufactured boring machine worth between $12-15 million by the end of the year.

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