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Foreign media: ten billion U.S. of iron ore projects in Australia postponed

Due to construction costs, Lai Hete a value of $ 10 billion iron ore project in Australia's richest woman faced with the extension.
 
Roy Hill, the project is expected to be commissioned in late 2014, project financing of U.S. $ 6-7 billion, analysts say, but due to the increasing cost of the first batch of the Roy Hill, project shipments may shrink 20 percent.
 
Roy Hill, the project is located in the Pilbara region in Australia, plans to produce 55 million tons of iron ore a year, The project is expected to become the fourth largest in Australia after Rio Tinto, BHP Billiton and FMG iron ore producer Lai Hete's Hancock.



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