GMC gulf manganese corporation limited
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News: GMC Gulf Manganese Corp Says Co Completed Review Of Current Manganese Operations

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    20/07/20
    21:45
    Post #: 45992658

    July 20 (Reuters) - Gulf Manganese Corporation Ltd (GMC) :

    • COMPLETED A DETAILED REVIEW OF CURRENT MANGANESE OPERATIONS
    • TO REDUCE ITS COST BASE & KEEP ITS OPERATIONS IN INDONESIA ON CARE AND MAINTENANCE
    • CUT OPERATING COSTS, INCLUDING A FREEZE ON BOARD REMUNERATION SINCE LAST YEAR, REDUCTIONS IN STAFFING, WAGES & OTHER COSTS
    • SIGNED SHARE PURCHASE AGREEMENT WITH RIVERFORT GLOBAL OPPORTUNITIES PCC LTD
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