Gulf eyes partnership with India's Ferro Alloy Corporation
PERTH (miningweekly.com) – ASX-listed Gulf Minerals has signed a memorandum of understanding (MoU) with Indian alloy group Ferro Alloys Corporation to conduct a due diligence and possibly establishing a joint fully integrated Indonesian manganese ore and alloy enterprise.
The MoU was conducted in two parts, the first of which covered the building and establishment of a smelter facility based in West Timor.
The second part of the MoU covered the development of manganese and coking coal mines in Indonesia, as well as other global locations.
Gulf Minerals chairperson Graham Anderson told shareholders on Tuesday that both companies had significant expertise in the ore and alloy business, and noted that joining ranks made sound commercial sense to build a world-class profitable manganese enterprise.
Gulf’s strategy was to develop a manganese group based on high-grade ores and premium alloy, and in the process list its subsidiary International Manganese Group on the Singapore Stock Exchange.
Ferro Alloys has expressed a possible interest in joining the initial public offering for International Manganese Group, and Anderson said that the MoU would include the right for the Indian firm to subscribe in equal portions to Gulf.
Comments
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation