EXPLORATION & DEVELOPMENT

Pilbara magnetite project capex up 40%

A REVISED price tag has been slapped on CITIC Pacific’s Sino Iron magnetite project in Western Australia’s Pilbara after the project’s estimated capital expenditure was ramped up by 40% on the previous estimate.

MiningNews.Net
Pilbara magnetite project capex up 40%

CITIC Pacific chairman Larry Yung told a press conference yesterday that the increase in capex from $A2.5 billion to $3.5 billion was primarily due to the strengthening Australian dollar against the US...

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