OZ Minerals has agreed to ‘loan carry’ Minotaur Exploration’s Jericho copper project through to the start of commercial production in exchange for an increased stake in a joint venture. The company’s increased share applies to the newer of two JVs between the companies, the Jericho JV, which came about as part of a restructure of the agreement between the two companies. OZ Minerals’ stake in the Queensland-based Jericho JV has risen from 70 per cent to 80 per cent as a result of the loan carry agreement. Minotaur has partnered with OZ Minerals on the larger Eloise JV project since April 2018. The Eloise JV ... (full story)