GULF Manganese failed to start construction of its West Timor smelting project in July due to financing delays from its funding partner which is believed to be in default.
Finance issues have delayed construction of Gulf Manganese's West Timor smelting project.
Gulf’s $US20 million deal with South African finance partner Sigur Holdings involves Sigur subscribing to $500,000 of convertible notes and then provide $10 million to fund stage one of the development....
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