Gulf finance woes continue

GULF Manganese says that the continuing delays in closing a financial transaction with Glacier International Depository for the loan facility to support the Kupang smelting hub project in Indonesia have caused the company considerable strain.

Gulf finance woes continue Gulf finance woes continue Gulf finance woes continue Gulf finance woes continue Gulf finance woes continue

Tan Hwa Poh

"Consequently, the company has reviewed its agreement with Glacier and is pursuing other options to ensure the integrity of the company in the event that the transaction fails.