Bauxite producer, Australian Bauxite Limited (ASX:ABX) has received the first part payment for its 30,000 tonne bauxite cargo totalling $1.73 million. The customer will pay the remainder on proof of weight via ship's survey in the coming weeks.
Australian Bauxite Ltd
Australian Bauxite Limited (ABx) (ASX:ABX) has started its first bauxite mine in Tasmania and holds the core of the Eastern Australian Bauxite Province. ABx's 37 bauxite tenements in Queensland, New South Wales and Tasmania exceed 5,000 km2 and were rigorously selected for (1) good quality bauxite; (2) near infrastructure connected to export ports; and (3) free of socio-environmental constraints. All tenements are 100% owned, unencumbered & free of third-party royalties.
ABx's discovery rate is increasing as knowledge, technology and expertise grows.
The Company's bauxite is high quality gibbsite trihydrate (THA) bauxite and can be processed into alumina at low temperature.
ABx has declared large Mineral Resources at Inverell and Guyra in northern NSW, Taralga in southern NSW, Binjour in central QLD and in Tasmania confirming that ABx has discovered significant bauxite deposits including some of outstandingly high quality.
In Tasmania, at Bald Hill, the Company's first bauxite mine commenced operations on schedule on 9 December 2014 – the first new Australian bauxite mine for more than 35 years.
ABx aspires to identify large bauxite resources in the Eastern Australian Bauxite Province, which is emerging as a globally significant bauxite province. ABx has created significant bauxite developments in 3 states - Queensland, New South Wales and Tasmania. Its bauxite deposits are favourably located for direct shipping of bauxite to both local and export customers.
ABx endorses best practices on agricultural land, strives to leave land and environment better than we find it. We only operate where welcomed.
Australian Bauxite Ltd (ASX:ABX) 30,000 Tonne Bauxite Shipment Completed Ahead of Schedule - Additional Sale Confirmed
Bauxite producer, Australian Bauxite Limited (ASX:ABX) has completed the 30,000 tonne bauxite cargo and has invoiced the customer today. The customer will pay 90% of the invoice value immediately and the remainder on proof of weight via ship's survey.
Australian Bauxite Ltd (ASX:ABX) provides the Company's Half Yearly Report and Accounts for the half-year ended 30 June 2017.
Australian Bauxite Ltd (ASX:ABX) CEO Presentation - Mining 2017 Resources Convention
Emerging bauxite producer, Australian Bauxite Limited (ASX:ABX) is pleased to announce that it has made an application in conjunction with its marketing partner, Rawmin for a Regional Jobs and Investment grant for the commencement of the Binjour Bauxite Project in the Wide Bay Burnett region of central Queensland.
Australian Bauxite Ltd (ASX:ABX) provides the Company's Quarterly Report and Activity Statement for Three Months to 30 June, 2017.
Emerging bauxite producer, Australian Bauxite Limited (ASX:ABX) is pleased to announce that its next bauxite sale has been confirmed.
Australian Bauxite Limited (ASX:ABX) and its marketing partner, Rawmin Mining and Industries Pvt. Ltd commenced a review in late May of ABx's bauxite resources around Binjour totalling 28 million tonnes. Binjour is located 115kms from the export port of Bundaberg which is similar scale to the port used by Rawmin in India to export its bauxite to long-term customers.
Over the past 18 months Australian Bauxite Ltd (ASX:ABX) has increased its capacity to supply cement-grade bauxite whilst remaining ready to sell metallurgical grade bauxite when prices improve.
Current trends in the metallurgical grade Chinese markets are encouraging and Australian Bauxite Ltd (ASX:ABX) is beginning to engage with potential customer refineries - but current prices still need to rise a bit yet.
159,143 COMPANY PROFILE VIEWS
- Level 2, Hudson House
131 Macquarie Street
Sydney, NSW 2000
- +61-2-9251-7177 Fax
- +61-2-9251-7500 Principal Sector
- Materials Principal Industry
- Mining & Metals  Listed
- 21 December 2009 Homepage
- www.australianbauxite.com.au E: