NRW facing $35 million Gascoyne exposure

NRW Holdings believes its exposure to its drill and blast and mining services contract at Gascoyne’s Dalgaranga gold mine to be $35 million. Gascoyne called in the administrators on Monday.

NRW facing $35 million Gascoyne exposure NRW facing $35 million Gascoyne exposure NRW facing $35 million Gascoyne exposure NRW facing $35 million Gascoyne exposure NRW facing $35 million Gascoyne exposure

That $35 million represents working capital, a second ranking secured loan of $10 million and equity in Gascoyne of about $4.3 million.

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