Tuesday, 12 March, 2013 - 15:45
Kiernan’s backdoor listing plan unveiled
South Perth company Gulf Mines has announced plans to acquire an interest in an Indonesian manganese project developed by Western Australian mining veteran Michael Kiernan.
Gulf Manganese Corporation (formerly Gulf Minerals Corporation) has its head office in Perth, Western Australia. The company, through its fully owned subsidiary International Manganese Group (IMG), is developing an ASEAN-focused manganese ore and alloy producer.
The facilities based in the West Timor capital of Kupang will take advantage of the low cost of ore, labour and power being the majority of operating costs.
Production will be a premium quality 78% manganese alloy resulting from the unique qualities of the Indonesian high-grade low impurities manganese ore blended with imported ores to enhance iron content producing a cost premium quality alloy.
In September 2021, Gulf Manganese went into administration.
Rank | Company | # | |
---|---|---|---|
353rd | ![]() |
Gulf Manganese Corporation | $26.64k |
385th | ![]() |
TMK Energy | $8.97k |
386th | ![]() |
Pivotal Metals | $8.93k |
387th | ![]() |
Alchemy Resources | $8.22k |
388th | ![]() |
Zamanco Minerals | $8.15k |
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RANKING: 326 Up from 338 in Public Companies - Resources WA list | 21 Sep 2023 |
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NEWS: Tagged in Insolvency appointments September 1 to 14 2021 | 15 Sep 2021 |
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NEWS: Tagged in Board Moves January 28, 2021 | 28 Jan 2021 |
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NEW ROLE: John Woodacre, Non-Executive Director | 28 Jan 2021 |
South Perth company Gulf Mines has announced plans to acquire an interest in an Indonesian manganese project developed by Western Australian mining veteran Michael Kiernan.
Shares in Gulf Minerals Corporation surged on news it had signed a $26.3 million equity funding deal with Sigur Holdings to cover development costs at its manganese smelting project in Indonesia.
Gulf Minerals Corporation has appointed Perth-based Como Engineers as manager for the construction of its $52 million Kupang smelter project in West Timor.
Company director and accountant Graham Anderson, who held positions with about 10 listed companies, has passed away after suffering a heart attack yesterday.
Ardiden has appointed Bradley Boyle as executive director and Michael Stares as general manager – Canadian operations. Mr Boyle was formerly a managing director of Triton Minerals.
Craig Munro-chaired Gulf Manganese Corporation has received a $US10 million ($A13 million) equity commitment from an Indonesian investor to progress development of its Kupang smelting hub in West Timor.
Gulf Manganese Corporation has secured a $15 million funding package, led by an Indonesian investment group, to complete construction of the company’s first two smelters at its Kupang smelting hub in West Timor.
Leonard Math has resigned as company secretary and chief financial officer of Gulf Manganese Corporation. Mr Math has extensive experience in public company responsibilities including extensive liaison with ASX and ASIC. The company has appointed Ian Gregory as company secretary.
Great Southern Mining has received commitments from sophisticated investors for the placement of 34 million shares at an issue price of $0.0375 a share to raise approximately $1.275 million.
Threat Protect Australia is pleased to announce that it has recently completed a capital raising of $1.0m through a placement of 4,761,905 fully paid ordinary shares in the Company at an issue price of $0.21 each.
Norwood Systems has closed its partially underwritten one-for-four entitlement offer, raising $1 million. Valid applications were made for $289,786 of shares, at 0.3 cents a share. The partial underwriter will subscribe for $718,729 of the shortfall.
Our daily board moves wrap includes Richard Petty, Tim Naylor, Ian Gregory, Robert Ierace, John Begg, Neville Bassett, and Glen Watts.
A summary of last week's smaller deals that did not get included in our daily news coverage.
A summary of the smaller deals from last week, which did not get included in our daily news coverage.
Gulf Manganese Corporation has secured further funding for the construction of two smelting hubs in Indonesia, with €52 million ($A84 million) expected to be received later this month.
Our daily board moves wrap includes Daniel Prior, Andrew Wilson, Michael Spreadborough, Damien Marantelli, Yugi Gouw, Hemant Amin, Byron Pirola, David Morton, Ray Lee, and Shannon Robinson.
Our board moves wrap includes Kim Truter, Hwa Poh Tan, Francis Lim, Tim Bardwell, HongBing Zhang, and RuoYun Zhang.
Our board moves wrap includes JianDong He, Richard Court, Andrew Pickering, Thomas Soderberg, Paul Garner, John Woodacre, Po Siu Chan, Fung Ming Pang, Colin Hiles, Tim Bardwell, and Francis Lim.
There were 14 insolvency appointments to Western-Australian-incorporated companies over the past two weeks.
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