Metals X announces royalty restructure at Higginsville gold operations.

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    • Subject Terms:
      METALS X Ltd.; MORGAN Stanley & Co. LLC
    • Abstract:
      The article reports on the restructured royalty agreement entered into by metals producer Metals X with Morgan Stanley Commodities which concerns the Higginsville gold mining operations (HGO) in Western Australia. In addition to extending the mining project, the deal reportedly involves promoting additional investment and implementing better working conditions. Brief details about the royalty structure that was initially agreed upon in 1991 and the acquisition of the HGO by Metals X are given.