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Contractor faces A$35M Gascoyne exposure

Mining contractor NRW Holdings believes its exposure to its drill and blast and mining services contract at Gascoyne Resources' Dalgaranga gold mine to be A$35 million. Gascoyne called in the administrators this week.

Contractor faces A$35M Gascoyne exposure Contractor faces A$35M Gascoyne exposure Contractor faces A$35M Gascoyne exposure Contractor faces A$35M Gascoyne exposure Contractor faces A$35M Gascoyne exposure

Dalgaranga gold mine in Western Australia

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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