Gulf Manganese Signs an Agreement with PT Arfa

  • Oct 24, 2019 AEDT
  • Team Kalkine

Gulf Manganese Corporation Limited (ASX: GMC) announced that its Indonesian subsidiary, PT Gulf Mangan Grup, has signed an ore purchase agreement with Sulawesi-based PT Arfa Indo Sarana for the supply of an initial 100 tonne parcel of high-grade (+49%) manganese ore. A MoU has been executed between the two parties for the ongoing supply of high-grade manganese ore.

  • Initial 100 tonne parcel of high-grade manganese concentrate remains on track to be shipped from Sulawesi to Kupang in November for export;
  • 17 IUP’s (permit to conduct a mining business) has been approved by the NTT ESDM, allowing local miners to recommence manganese production.

At AEST 1:16 PM, the stock was trading at $0.007 per share, no change from its previous close.

 

All pictures are copyright to their respective owner(s).Kalkinemedia.com does not claim ownership of any of the pictures displayed on this website unless stated otherwise. Some of the images used on this website are taken from the web and are believed to be in public domain. We have used reasonable efforts to accredit the source (public domain/CC0 status) to where it was found and indicated it below the image.

 

There is no investor left unperturbed with the ongoing trade conflicts between US-China and the devastating bushfire in Australia.

Are you wondering if the year 2020 might not have taken the right start? Dividend stocks could be the answer to that question.

As interest rates in Australia are already at record low levels, find out which dividend stocks are viewed as the most attractive investment opportunity in the current scenario in our report.

CLICK HERE FOR YOUR FREE REPORT!
   
x
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. OK