Gulf Mines preparing exploration update
Gulf Mines’ (ASX: GLM) shares have been placed in pre open after it was granted an ASX trading halt regarding an exploration update.The halt will remain in place until the opening of trade on Monday...
View ArticleGulf Mines discovers 12.3% copper in outcrops, West Timor, Indonesia
Gulf Mines (ASX: GLM) has located a potential high grade copper discovery in an area being acquired by the company in West Timor, Indonesia.Two rock samples with XRF-verified grades of 12.43% and 8.7%...
View ArticleGulf Mines commencing integrated manganese operations through Asia Minerals...
Gulf Mines (ASX: GLM) has reported that Asia Minerals Corporation, in which Gulf holds a major shareholding, has commenced building its manganese alloy smelter plant in Indonesia.Asia Minerals is...
View ArticleGulf Mines unaffected by Indonesian mineral export ban
Gulf Mines (ASX: GLM) has noted that Asia Minerals (AMC), in which Gulf is a major shareholder, is exempt from the current Indonesian ore export ban.The Indonesian Government's Ministry of Energy and...
View ArticleGulf Mines: Asia Minerals Corporation ships first manganese cargo, Indonesia
Gulf Mines (ASX: GLM) has reported that Asia Minerals Corporation, in which Gulf is major shareholder, has shipped its first cargo of high grade manganese from Indonesia.The initial cargo consisted of...
View ArticleGulf Mines to divulge copper results from West Timor
Gulf Mines (ASX: GLM) is preparing to release details of copper results from West Timor, with the Australian Stock Exchange granting the company a trading halt.Gulf's shares are currently in...
View ArticleGulf Mines reveals more high-grade copper samples from West Timor project
Gulf Mines (ASX: GLM) shares should firm in trade today after releasing further high grade copper grab and channel samples from the West Timor copper prospect.All of the 10 samples collected returned...
View ArticleGulf Mines to divest Leonora Gold Project, focus on manganese and copper
Gulf Mines (ASX: GLM) is divesting the Leonora Gold Project consisting of the Mt Stewart and Braemore tenements, with the company to maintain its focus on developing its manganese and copper assets.The...
View ArticleGulf Minerals Corporation to raise $2.5M for Indonesian manganese operations
Gulf Minerals Corporation (ASX: GMC, formerly Gulf Mines, ASX: GLM) intends to raise up to $2.5 million through the issue of up to 250 redeemable convertible notes at a value of $10,000 per note to...
View ArticleGulf Minerals Corporation changes Board for manganese projects
Gulf Minerals Corporation (ASX:GMC) has appointed its current chief executive officer Bruce Morrin as an executive director. The company is looking to develop manganese mining operations in Indonesia...
View ArticleGulf Minerals Corporation heads to market
Gulf Minerals Corporation (ASX:GMC) has been granted an ASX trading halt as it prepares to carry out a capital raising.The halt will last until the earlier of the announcement being made or the start...
View ArticleGulf Minerals Corporation raising funds ahead of Singapore listing
Gulf Minerals Corporation (ASX:GMC) is raising up to $1.34 million through a renounceable entitlement issue ahead of its application to dual list on the Singapore Exchange Catalist Board.A total of...
View ArticleGulf Minerals Corporation in trading halt
Gulf Minerals Corporation (ASX:GMC) has been granted an ASX trading halt in relation to an announcement on the Indonesian smelter project funding.The halt will remain in place until the opening of...
View ArticleGulf Minerals Corporation to update on Timor Smelter Study
Gulf Minerals Corporation (ASX:GMC) has been granted a trading halt by the ASX pending an update on the company's Timor Smelter Study.The company is focussed on becoming an ASEAN focused manganese ore...
View ArticleGulf Manganese Corporation study reveals high EBITDA of smelter project
Gulf Manganese Corporation (ASX:GMC) has received a study highlighting the robust financial project economics of its planned manganese smelter in Timor that could return EBITDA of US$623.8 million over...
View ArticleGulf Manganese Corporation substantial shareholder increases stake to 33.88%
Gulf Manganese Corporation (ASX:GMC) substantial shareholder Leprechaun Holdings Pty Ltd has increased its stake in the company to 33.88% from 27.25% through the conversion of convertible...
View ArticleGulf Manganese Corporation reinforces high EBITDA of smelter project
A redrafted study of the planned manganese smelter has strengthened the robust project economics including an estimated EBITDA of US$374.7 million over 10 years, NPV of US$160.6 million, IRR of 55.6%....
View ArticleGulf Manganese Corporation to raise capital
Gulf Manganese Corporation (ASX:GMC) is progressing its planned ferromanganese smelter in Timor with EBITDA of US$ 374.7 million, NPV of US$160.6 million and start-up capital investment of US$66...
View ArticleGulf Manganese Corporation in cash raising, Singapore listing
Shareholder approval will be sought to raise the funds through a share issue to unrelated third parties and a general offer to existing shareholders. The company is seeking a listing of its Timor...
View ArticleGulf Manganese Corporation approved for grant
Gulf Manganese Corporation (ASX:GMC) has been approved by AusIndustry for a Research and Development Tax Incentive claim for the 2014 financial year.Gulf is also moving towards an initial public offer...
View ArticleGulf Manganese Corporation granted key Indonesian licence
Gulf Manganese Corporation (ASX:GMC) can progress development of its planned manganese smelter in Timor after receiving the key Principle Licence for Foreign Investment from the Indonesian Investment...
View ArticleGulf Manganese Corporation takes first step to securing project land
Gulf Manganese Corporation’s (ASX:GMC) proposed 53 hectare block of land for its planned manganese smelter in Timor has been officially measured and issued with a Field Map reference catalogue...
View ArticleGulf Manganese Corporation Ltd secures US$10M for Indonesian smelter
Gulf Manganese Corporation Ltd (ASX:GMC) will receive an investment of US$10 million in Gulf’s Kupang Smelting Hub Project in Indonesia from investor Marthen Amtiran, for a 10% stake.Gulf’s strategy is...
View ArticleGulf Manganese Corporation Ltd acquires two smelters
Gulf Manganese Corporation Ltd (ASX:GMC) has finalised an agreement with South African-based Transalloys (Pty) Limited for the acquisition and relocation of two ferromanganese smelting...
View ArticleGulf Manganese Corporation Ltd heads to market
Gulf Manganese Corporation Ltd (ASX:GMC) has been granted a trading halt by the ASX this morning, pending details of a capital raising.The halt will remain in place until the opening of trade on...
View ArticleGulf Manganese Corporation Ltd is Thursday's ASX Most Traded with 32 million
Thursday's ASX Volume Leaders at the close. Company NameCodeLastChangeVolume Gulf Manganese Corporation Ltd GMC $0.017 13.33% 32,017,747 Dimerix Bioscience Ltd DXB $0.015 7.14% 26,868,663 Xped Ltd XPE...
View ArticleGulf Manganese Corporation Ltd to reveal cornerstone investment
Gulf Manganese Corporation Ltd (ASX:GMC) has been granted a trading halt by the ASX, pending details of a cornerstone investment.
View ArticleGulf Manganese Corporation to update on investment
Gulf Manganese Corporation (ASX:GMNC) has been granted a trading halt by the ASX, pending an update in relation to the cornerstone investment.
View ArticleGulf Manganese Corporation bags $1.5M for ferromanganese smelting
The demand for manganese is projected to rise 40% in the next 10 years.
View ArticleGulf Manganese secures $10.8 million investment
The funding will be used in the development of Gulf’s Kupang Smelting Facility in Indonesia.
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