Costs have been pushed up by inflation that is affecting all major
industrial projects, as well as the increasing complexity of the
project. It is $1 billion higher than was estimated last year and about
three times the initial estimate made when mining companies began
serious work on Pebble.
John Shively, CEO of the Pebble Partnership, the mine development
company, told the Alliance that the project also requires a 95-mile
road to a new port that would be built on the west side of Cook Inlet.
The mine would also need a pipeline to carry a slurry, a mixture of ore
and water, from the mine to the port and a second pipeline to return
recycled water from the slurry back to the mine for re-use.
A small pipeline may also be needed to ship diesel fuel for mine equipment, he said.
Via: iStock Analyst LINK