Indonesia boosts Gulf project

THE establishment of a one-stop shop by the Indonesian government to swiftly approve investment licences has changed the economics of Gulf Manganese’s West Timor smelting project, offering a higher rate of return on investment over half the previous timeline.

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Gulf Manganese has redrafted robust economics for its Indo smelting project thanks to a streamlined approvals process.

Gulf said Indonesia’s Investment Coordination Board (BKPM) – which is in operation since January – advised the project’s industrial business and registered exporter licences would each take between