14
Mar
02:25
Iron ore royalties boost GWR balance sheet
Australian iron ore firm GWR says its balance sheet continues to improve with receipt of first and second monthly Gold Valley Iron Ore payments totalling AUD 1.51 million ($1m) from the C4 deposits, Kallanish notes.
This is the first of 36 monthly payments with the next scheduled to be paid to GWR before the end of March.
GWR will receive a minimum of approximately AUD 52m from Gold Valley over the next 10 years.
GWR cash and liquid investments currently tota…
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