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Project cost blowouts plaguing miners: EY

DESPITE an industry-wide focus on cost-cutting and operational efficiency, massive budget overruns during the development of multibillion dollar projects continue to hamper productivity, according to figures from EY.

Jack McGinn
A new EY report has found that more than 69% of global multibillion dollar projects are facing cost overruns.

A new EY report has found that more than 69% of global multibillion dollar projects are facing cost overruns.

A new EY report providing insight into 108 projects in different commodities across the world with budgets greater than $US1 billion (A1.27 billion) found 69% of the projects were facing cost overruns....

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