Gulf Minerals signs services agreement with SNC-Lavalin
Friday, October 31 2014 - 03:50 AM WIB
ASX-listed Gulf Minerals Corp announced Thursday it has entered into a services agreement engaging world leading pyrometallurgical engineering group SNC-Lavalin to design and construct Gulf's ferromanganese alloying facility in West Timor.
SNC-Lavalin has had many years of experience in designing and building alloying plants and in the last 10 years has been involved with 12 major alloying projects and numerous smaller plants, Gulf said in a statement.
The development plan involves building two electric ARC furnaces each year commencing 2015 for a total of 8 furnaces over a 4 year period, it further explained. Each furnace will have a capacity of 20,000 tons of manganese alloy per year with a capital cost of US$5.6 million per furnace, it added.
The technology is well established and has been used for many years and in order to eliminate construction risk the units shall be built in modular form and shipped to West Timor for assembly on site, Gulf said.
Editing by Reiner Simanjuntak