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Cost blow-out for Allied

ALLIED Gold has advised the $US43.7 million ($A59.63 million) capital cost of its Simberi Oxide project in Papua New Guinea is set to rise, with the full ramifications of an aerial rope conveyor system and an increased throughput rate not expected to be known for two months.

Michael Vaughan
Cost blow-out for Allied

Allied managing director Wayne Loxton told MiningNews.net he remained fairly confident of Simberi’s viability, though the cost pressures being felt throughout the entire industry were starting to bite....

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