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Gold/Mining/Energy : Golden Triangle

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From: klinker	8/22/2012 3:19:24 AM
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mine construction costs set to fall? this could be the minor boost that gives sea the momentum to move ahead if only the gold price would cooperate BHP flagged in May it was putting the brakes on an $80 billion plan to expand its operations, and investors were keen for an update on whether it was going to delay three major projects -- Olympic Dam and the Outer Harbour iron ore development, both in Australia, and the Jansen potash project in Canada. All three were due to go to the board for final approval by December 2012. Construction contractors are already getting nervous about an end to the mining construction boom, although they say it should help ease cost pressures on existing projects for workers and materials as demand growth slows. "I think that we are close to the current peak of construction work," Nick Bowen, managing director of mining services company Macmahon (MAH.AX), told Reuters this week. finance.yahoo.com

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