Tuesday 26 May 2015

Otmane El Rhazi : Study validates Gulf's Timor smelter plans

Otmane El Rhazi from Mining Weekly | Ferrous Metals Home.

A study into a smelting facility in Timor has validated ASX-listed Gulf Manganese’s aim to develop a smelting and sales hub for high carbon ferromanganese alloys in Timor. A financial analysis has revealed that the project would earn $623.8-million before interest, tax, depreciation and amortisation over a 20-year period, supporting an estimated net present value of $201.4-million.

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