"Fortescue Metals Group has confirmed a $US400 million ($516 million) cost blowout at its Iron Bridge magnetite project."
"Review of the project now indicated a revised preliminary capital estimate of up to $US3 billion."
Interesting I wonder what this does for the viability of the project as a whole. The 3 month review will be very very interesting.
MGT General and Off Topic Chat, page-97
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