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Costs creep at Cibaliung

AUSTINDO Resources has been stung with a $US15.2 million ($A20 million) cost blow-out at its Cibaliung gold project in Indonesia and is seeking additional funding in a bid to bring the operation online early next year.

Ben Sharples
Costs creep at Cibaliung

Behre Dolbear Australia conducted a review of the project cost and identified “substantial cost increases” with the process plant re-erection attracting the largest cost overrun at $US9.1 million. The...

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