Premium Manganese Production Starts soon $$$, page-19

It is common knowledge that PLN power is subsidized by the Indonesian Gov't. How long can that last?
Till the next election thats when.

"The Ministry recently announced it would be freezing the retail price of electricity at current levels for 2018 and 2019, presumably so as to not rock the boat in the run up to provincial and national elections. It also means that PLN is essentially powerless to increase revenue in order to cover operating losses or invest in new plants and equipment."

PLN is currently buying electricity from some other providers at US$0.13/KWh.
I can see from most of you posters that you are deeply involved in GMC and don't post on anything else, in some cases never, so I'd say that there are many other investors who aren't so blindsided and aren't so foolish that maybe are starting to realise that ferro alloy smelting and power costs go hand in hand.

https://www.reuters.com/article/us-...power-stations-could-hit-miners-idUSKCN1GL0F7

"This helps explain why the Ministry of Energy capped the price of domestic coal: it will save PLN as much as US$1.3 billion and help offset revenue shortfalls caused by low electricity rates. The Ministry of Finance expects the policy to cost US$630 million in lost taxes and royalties from the coal industry, but this is apparently a trade-off the administration is willing to accept. To further hold PLN’s costs down, the Ministry of Energy also revised its Feed-in-Tariff schemes last year. (These are long-term fixed rates PLN pays independent power producers to supply the utility with power.)"

http://www.newmandala.org/jokowinomics-vs-reality-look-pln/

https://asian-power.com/power-utili...ias-pln-wean-itself-off-governments-subsidies
https://iesr.or.id/2018/01/new-price-formula-set-to-ease-plns-burden/?lang=en

http://www.thejakartapost.com/news/...ty-prices-to-remain-unchanged-until-2019.html