Gulf secures Kupang funding

ASX-listed Gulf Manganese Corporation has secured a €52-million structured loan facility from Glacier International Depository, Legal and General Investment Management, and HSBC Bank, to complete the construction of its Kupang smelting hub, in Indonesia.

Gulf on Wednesday told shareholders that the company would now be fully funded to complete the construction and commissioning of the first two smelting furnaces at Kupang, with construction to re-start immediately.