Study validates Gulf's Timor smelter plans
PERTH (miningweekly.com) – 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, taxes, depreciation and amortisation over a 20-year period, supporting an estimated net present value of $201.4-million.
The smelter, which would be operated by Gulf subsidiary PT Gulf Mangan Grup, would require a capital investment of $67.5-million spread over a four-year period.
Manganese ore for the processing and smelting business would be purchased from a number of local and overseas suppliers, and Gulf noted that the business model could be scaled up or down as ore supply allowed, which would minimise the start-up capital requirements.
The business model could also be augmented in terms of revenue streams and ore sources permitting early cash flows and future expansion opportunities.
Currently it was estimated that the smelting project would produce some 144 000 t/y of ferroalloys and a further 180 000 t/y of manganese lump ore.
Gulf Manganese, previously know as Gulf Minerals, was expected to enter into a supply agreement with a South African group, which would supply up to 80 000 t/y of high-grade iron manganese from South Africa, while the balance of the ore supply, up to 220 000 t/y, would be sourced locally in Indonesia and Timor Leste.
Gulf would construct a ferromanganese alloy smelter at a site in West Timor. The company had entered into an agreement to secure 50 ha of land with local landowners and had engaged an Australian engineering group to oversee the engineering and project management of the proposed smelters.
Comments
Research Reports
Projects
Latest Multimedia
Latest News
Showroom
ISO-certified Condra manufactures overhead cranes, portal cranes, cantilever cranes and crane components: hoists, drives, end-carriages, brakes and...
VISIT SHOWROOM
SBS® Tanks is a leading provider of innovative water security solutions with offices in Southern Africa, East and West Africa, the USA and an...
VISIT SHOWROOM
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
