EXPLORATION & DEVELOPMENT

Herald flags cost blow-out

THE chairman of Herald Resources has warned his shareholders to brace for an increase in forecast capital costs for the company’s Dairi zinc project in Indonesia, but has also indicated that a granting of long-delayed government approvals may not be far away.

MiningNews.Net
Herald flags cost blow-out

Addressing shareholders at the company's annual general meeting yesterday, Terrence Allen said the project's engineers had re-estimated total costs for Dairi due to the delay induced by the long wait for...

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