Rise in mine costs criticised
PA Wellington The proposed Ohinewai coalmine had suffered the biggest and fastest cost escalation in the history of “think big,” the Coalition for Open Government alleged yesterday. A coalition spokesman, Mr Keith Johnston, said that in 1982 the Ohinewai capital cost estimate was $lO2 million. The latest estimate was $421 million, he said, which was found in the recently released consultant’s report on the
Ohinewai mine, dated December, 1983. “This almost four-fold increase dwarfs any other ‘think big’ cost escalation in both rate and speed. “Even the Marsden Point refinery expansion has increased only 2Vz times, after allowing for inflation, over a five-year period. “Similarly, the Maniototo scheme has increased 2% times, in real terms, over a seven-year period and this includes the additional cost of two hydro dams.”
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Press, 14 March 1984, Page 5
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134Rise in mine costs criticised Press, 14 March 1984, Page 5
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