GMC
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Company News
Gulf Manganese secures loan facility to complete Indonesian smelters
Gulf Manganese Corporation (ASX: GMC) is back on track to complete construction of the Kupang smelting hub in Indonesia’s West Timor after clinching a €52 million (A$84.5 million) loan facility. The smelting specialist today announced it has inked a binding term sheet to establish the facility with Glacier International Depository, Legal and General Investment Management […]
Gulf Manganese edges closer to manganese shipments and cash flow with DSO licence
Gulf Manganese Corporation (ASX: GMC) has finally been given the green light to ship high-grade manganese ore from Indonesia’s Ministry of Trade, which follows a related Ministry of Energy and Mineral Resources approval earlier this month. The approvals officially give Gulf Manganese a direct shipping ore (DSO) licence to export up to 103,162 tonnes of […]
Gulf Manganese secures power supply for Kupang smelting hub
Gulf Manganese (ASX: GMC) has secured power for its Kupang smelting facilities in Indonesia’s west Timor region after inking a memorandum of understanding (MoU) with the local state-owned power utility PT PLN (Persero). The MoU is valid for 12 months and provides up to 20MVA power, with a power purchase agreement due next month covering […]
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