Orocobre balance sheet bolstered

May 18, 2017

Responsive image

ASX- and TSX-listed Orocobre has received a welcome financial boost in the form of a value-added tax (VAT) refund and by the release of further cash security deposits in Australia, which back subsidiary Sales de Jujuy’s (SDJ’) Argentine working capital facility.
The Brisbane, Australia-based industrial chemicals and minerals company said Thursday that SDJ has received about $2.7-million of additional VAT refunds, bringing the total to date to about $19.8-million.

Category: General