Gulf Manganese Corporation (ASX: GMC) provides investors with direct exposure to Indonesias premium manganese ore deposits through the development of its world-class ferromanganese (FeMn) smelting facility located in Kupang, West Timor.
The Indonesians Governments total restriction on the export of unprocessed mineral ores underpins Gulfs strategy to convert locally sourced high-grade manganese ore into a premium quality, low to medium carbon FeMn alloy grading [xx%] for supply to key high-demand, global markets.
Construction of the Kupang Smelting Hub Facility is approx. 60% complete with commissioning of the first two smelters on target for Q1 CY2020. At full production, the first two smelters will target a production rate of up to 43,000 tpa of manganese alloy. Importantly, the Kupang facility is located within close proximity to critical infrastructure including the adjacent Kupang Power Station and the Tenau Port.
In addition, Gulf has received its