Lets be clear, they did not reduce Capex just phase in the construction. Phase 2 and 3 would be funded from cash flow...Total cost is $804 mil.

 

The following table identifies key capital expenditures before and after the commencement of commercial production in Q1 2015.

Capital Expenditures
(Millions of US$)
Capital required up to
Commercial Production
Internally Funded from Cash Flow
Initial Capital
(2013 - 14)
Expansion Capital
(2015 - 17)
Sustaining Capital
(2018 - 2031)
Mine Equipment Fleet $13 $11 $10
General Mobile Equipment $2 - -
Ore Crushing and Handling $18 $2 -
Process Facility $49 $19 $18
On-Site Infrastructure $25 $12 -
Ancillary Buildings $8 $1 -
Tailings & Reclamation $5 $3 $3
Off-Site Infrastructure $12 - -
Indirect Costs $36 $7 -
Owner's Cost $18 $1 -
Underground Development - $82 $275
Contingency $19 $15 $41
Closure costs - - $9
Total Capital $205 $153 $356