GMC 0.00% 0.6¢ gulf manganese corporation limited

Ann: Kupang Smelting Hub Facility Project Update, page-31

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 4,695 Posts.
    lightbulb Created with Sketch. 295
    ie surely you mean a competitive disadvantage.
    "If I was in business, I’ be keeping that card close to my chest"
    Yes, I would keep my mouth shut too, if I knew that the power price was not in the ball park for the project.
    The rising cost of power in Indonesia isn't something that can be changed by wishful thinking.
    The reality is that PLN are installing diesel generators and the cost of running them is US$0.29c/KWh (that is an all up price, the price of diesel fuel alone is US$0.20/KWh at US$70/barrel) . How  long do you think that Indonesian Gov't will subsidize the price for GMC's power?

    Maybe you didn't read the story posted earlier.
    http://ieefa.org/ieefa-indonesia-cl...ectricity-generation-expensive-short-sighted/
 
watchlist Created with Sketch. Add GMC (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.