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Arafura knocks down capex again

A COLLECTION of independent capital expenditure reviews has helped Arafura Resources knock $299 million off previous expenditure estimates for its Nolans rare earths project in the Northern Territory.

Andrew Snelling
Arafura has sharpened its pencil further on Nolans capex costs.

Arafura has sharpened its pencil further on Nolans capex costs.

The 21% reduction from the June estimates has left the estimated capex expenditure for the project at $1.2 billion, with the savings partly offset by $55 million thanks to exchange rate movements with...

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