GULF MINES HAS repositioned itself to gain from multi-commodity projects in Indonesia and Australia. The company holds a growing stake in Asia Minerals Corporation - an Indonesia-based manganese producer and iron ore developer - and Gulf has gained the marketing rights to guarantee an income stream. Gulf also has two operating joint ventures with copper and uranium potential in the Northern Territory and two prospective gold tenements in Western Australia's Goldfields. Chairman Peter Remta said the company had developed a clear strategy that was already paying off.
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