CAPITAL MARKETS

Telfer cost put at $1.19 billion

NEWCREST Mining's massive Telfer project in Western Australia will cost just under $1.2 billion to develop with the company expecting to finalise debt funding of $600 million for the $976 million first stage development by December.

Michael Quinn
Telfer cost put at $1.19 billion

Equity of $230 million and "financial leases" worth $150 million make up the balance, while a further $215 million will be required to complete the project. That $215 million will be funded from the project's...

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