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.
Other News:
Foreign media: ten billion U.S. of iron ore projects in Australia postponed
Analysis of import the IKO thrust angular contact ball bearings running over to
13 days across eight countries, including Europe, Asia and Africa Hillary around
Chinese fishery boat hit back at Japan warned the Japanese ship left the territo
Ueno Zoo in Tokyo on the giant panda baby death
Demand downturn the futures Powei hot-rolled spot stumble endlessly
Philippine Foreign Minister angry accused China of "increasingly aggressive"
The IMF said Italy is facing the risk of proliferation of European debt crisis