According to news reports, Murchison Metals (MMX) and Mitsubishi Corp have suffered a cost blowout at their Oakajee port and rail JV in WA.
The Australian said that capital costs at the project are estimated to have blown out to $6.7 billion, from $4.4 billion.
In response, MMX admitted that capital costs at Oakajee were likely to increase although estimates were indicative and subject to review.
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