Average capex overrun for mining companies hits 37% – EDC study

June 20, 2016

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The average cost overrun for mining projects studied by Export Development Canada (EDC) has reached 37% over the capital expenditure (capex) budgeted, EDC managing principal Tin Lwin told an audience at a recent meeting of the Canadian Institute of Mining’s Management and Economics Society in Toronto.

EDC analysis was designed to understand the causes behind these overruns and how they might be handled in the future.

Category: General