08 AUGUST 2011theaustralian
Rio tips further Kestrel blowouts
Edited by : AL CIRCLE
1 min read
RIO Tinto has flagged cost overruns and delays at its Kestrel coking coal project in Queensland, over and above $US2.4 billion of Australian-dollar-induced iron ore and alumina project cost blowouts revealed in Thursday's first-half report.
Of the blowouts, $US1.9bn was in the Pilbara, $US400 million was at the now $US2.3bn Yarwun alumina expansion at Gladstone and the rest was at Rio's Canadian iron ore expansion.
Of the blowouts, $US1.9bn was in the Pilbara, $US400 million was at the now $US2.3bn Yarwun alumina expansion at Gladstone and the rest was at Rio's Canadian iron ore expansion.
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