Gold Valley in administration 

DAYS after the appointment of external receivers, Gold Valley Iron is back in the hands of administrators KordaMentha, and sole director Yuzhen Xie is preparing a deed of company arrangement to save the company, and provide confidence in GVI’s plans to develop small-to-medium scale iron ore deposits for niche markets.

Gold Valley in administration  Gold Valley in administration  Gold Valley in administration  Gold Valley in administration  Gold Valley in administration 

Ridges has had a chequered history.

GVI, part of Perth-based Gold Valley Group, was briefly in the hands of receivers Hall Chadwick in recent days, but while it talked about winding up the company it failed to pass critical paperwork to