How do they get the royalties? Did they take over the Iluka spinoff?
Why would mining companies sell royalties? Is it for liquidity purposes? Why wouldn't they just take out a loan against the future value of the royalties? How does a company like DDR fund their purchase of the royalties?
P.S. Thanks for all your replies.
Ann: BHP Operational Review for the year ended 30 June 2024, page-9
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