Page 29 : note potential saving of $500 million on estimated costs after Citic published their contracted costs on Hong Kong stock exchange. Balmoral South Project •CITIC Pacific (24mtpa product) MCC construction contract sum: US$1,750 m Total project capital cost: US$2,470 m •ARH (12mtpa product) Pro-rata Chinese construction contract sum:US$875 m Pro-rata Total project capital cost:US$1,235 m •Preliminary cost estimate for Balmoral South (2007)US$2,100 m Potential saving (Chinese construction):US$500 m +
ARH Price at posting:
0.0¢ Sentiment: Buy Disclosure: Not Held