Goro vandalism costs escalate

CANADIAN nickel major Inco says the cost of vandalism at its Goro nickel-cobalt project on the South Pacific island of New Caledonia over the weekend has been increased to $US10 million.

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"We're still assessing the damage, but we now realize it is more in the range of $10 million,” a company spokesperson told Reuters.

The damage was initially put at around $1 million.

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