Ann: Media Release Net Profit $106.4 Million for the Half Year, page-69

I think its possible GMC will complete construction, although the funding will dilute shareholders so its becoming a very risky investment.
However power/energy costs are just too expensive to make the project viable.
The cost of power is of utmost importance for a smelter complex. The cost of power for the GMC smelter furnaces in Indonesia is more than 3 x the cost of OM Sarawak power.
If it costs OM Sarawak US$150/tonne for power to make 1 tonne of FeMn it will cost GMC US$450/tonne.
I'm not just making an idle statement, I know as a fact that the Indonesian power/electricity costs are such that its impossible for GMC to compete in the alloy smelting business, unless all inputs are free. The method that GMC will use for smelting requires the use of 0.43 tonnes of Fesi to make one tonne of LC FeMn. The cost of FeSi from the OMH report is over $2000/tonne.
Many smelters in Japan and India have closed due to high power prices and their power costs are less than Indonesia. The current Indonesian Gov't have deliberately held down prices & will continue to subsidize the power until the next election in 2019. This is causing huge loses for the power company PLN. The only power generation systems that are competitive for alloy smelters is hydro or nuclear, coal fired is marginal. This is the reason why smelters are set up in Norway, Iceland and Sarawak.
CHEAP HYDRO POWER.