GMC 0.00% 0.6¢ gulf manganese corporation limited

Ann: Gulf Secures Kupang Smelting Hub Facility Power Supply, page-17

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  1. 4,695 Posts.
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    Good to hear that GMC has managed to secure power.
    What is the price of the electricity/power agreements?
    If its US$0.11c/KWh, GMC is uncompetitive before they start. They'll be competing with SCORE Sarawak where the price of power is less than US$0.04/KWh and China the cost of power is US$0.06/KWh.
    The cost of power is 25% of the direct input costs of producing ferro manganese, therefore power is one of the most important criteria for establishing a manganese alloy plant.
    I wouldn't get excited until you know how much you are paying for the power, at US$0.11c will cost US$350 to US$400 /tonne of Ferro manganese.
    Last edited by rocket973: 09/11/17
 
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