Ann: Gulf Operational Update, page-30

GMC have stated in there investor presentation that they plan to sign a power purchase agreement in Dec17.
This will hopefully be announced soon.
The agreement will outline the exact costs associated with power supply and these can be negotiated between the supplier and buyer. They are obviously aware that power costs are a potential weakness as stated on the SWAT analysis in this presentation. They have noted however that although a weakness the prices in Indonesia are reasonable.

I'ts high grade manganese ore that is rising in price/demand where as med-low grade has stabilised. This is a great opportunity to sell high grade product and being positioned centrally to most of the major players in the manganese market can place GMC in quite an advantageous position.

Lets wait for the details of the Power Purchase Agreement and see whether the costs are in fact reasonable before condeming the whole project.

Cheers all