looking better, page-14

From yesterday's AFR

"All of that means precise cost forecasting is almost impossible, which explains why, according to Glencore, cost overruns for greenfields projects constructed through the boom years have averaged 35 per cent. And that is why, in the end, Glasenberg prefers expansion around existing mines and bolt-on acquisitions that will doubtless be made during times of price and funding pressures."


NOTE: "Glasenberg prefers expansion around existing mines and bolt-on acquisitions that will doubtless be made during times of price and funding pressures"