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Mining inflation spreads to Cuba

Mining inflation has reached Cuba with Toronto-listed Sherritt International deferring its expansion plans at the Moa nickel-cobalt joint venture because of rising costs.

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Moa costs need revision on inflation

Sherritt has said an assessment of the expansion capital costs at Moa indicated that costs are estimated to be at the upper end of the US$20,000-$25,000 per tonne range of new nickel capacity