Gypsum industry news

Indonesia: Vanguard Mining Corporation has agreed with Yupolo Resources to buy 80% equity interest in the cement plant and to co-develop a 3.5km² gypsum and limestone mine in Nusa Tenggara Timur, Indonesia. It is expected that the gypsum deposits will be in excess of 30Mt, while the limestone deposits are approximately 400Mt. The proposed mining concession is 4km away from the newly-expanded Menanga Sea Port. The companies plan to develop the concession in four stages.