Gulf Manganese Corporation advises that its proposed 53 hectare block of land in the industrial area of Kupang Regency, West Timor, has been officially measured and issued with a Field Map reference catalogue number as the first step to receiving a Certificate of Title for Building Construction from the Indonesian National Land Agency.
The issuing of a Certificate of Title will ensure security of tenure for PT Gulf Mangan Grup’s Land Lease Agreement for the duration of its 50 year lease period from the local land owners and authorizes construction of the Timor smelter.
Gulf also advises that at a recent meeting with the Indonesian Government power company, PT PLN (Persero), it was confirmed that PLN will supply, on a user pay basis from mid-2016, 7MW of power for the company’s first furnace, which is due to come online in the fourth quarter of 2016. PLN will commission two new 16.5 MW power stations early next year with a further 60 MW power supply coming online during the second half of 2016.
PT Gulf Mangan’s Indonesian-based technical director Kevin Parker said, “The issuing of a Field Map reference number and the confirmation from PLN of power supply, together with the recently issued Principle Licence, firmly establishes that the company is on track to start building and operating next year. These three areas significantly de-risk the project and with only several Regency permits and licences now required we are ready to move forward.”
Gulf Manganese is an Australian registered company listed on the Australian Securities Exchange with its head office in Perth, Western Australian. The company is developing as an ASEAN focused manganese alloy producer. The facilities based in the West Timor capital Kupang will take advantage of the low cost of ore, labour and power being the majority of operating costs. Production will be a premium quality 78% ferromanganese alloy resulting from the unique qualities of the Indonesian high-grade low impurities manganese ore.