As per this article it is.
http://www.theaustralian.com.au/business/gindalbie-chief-steps-down-after-karara-cost-blowout/story-e6frg8zx-1226022780836
Don't under estimate the turmoil this has created within the project. Funding restrictions/shortages slow everything piece of spending approval down as items are scrutinised more heavily.
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