Australian Bauxite Limited (ASX:ABZ) to Present at Mining 2011 Resources Convention
Sydney, Oct 27, 2011 AEST (ABN Newswire) - Australian Bauxite Limited (
ASX:ABZ) says today Mr Levy will be presenting at the Mining 2011 Resources Convention at 5:10 pm today.
The Convention is at the Brisbane Convention and Exhibition Centre.
Australian Bauxite is also exhibiting at the convention and is located at Stand 51.
Shareholders and the public are welcome to attend the exhibition and presentation.
Chinese Bauxite Statistics
The Chinese bauxite import statistics for the month of September 2011 show another record month with imported tonnage of bauxite being 37% more than last year at 4.48 million tonnes for the month. View figures here: http://media.abnnewswire.net/media/en/docs/70279-ABZ.pdf
The price of Australian bauxite imported into China has risen 19% to US$57.23/tonne.
Commenting on the market trends, ABx CEO, Ian Levy said;" The upward trend in prices and tonnages has been a bit above expectations but not surprising when one looks at the industry transformation that has occurred in China and India since 2003. Most pleasing is the fact that Australian Bauxite's discoveries are achieving price premiums exceeding 25%."
Market Assessment
This week, market assessment activities for products from Australian Bauxite's Goulburn Project have commenced as part of the Pre-Feasibility Study. These involve discussions with some of the world's largest importers of bauxite.
Broker Research Report
State One Stockbroking Limited has completed a comprehensive research report on the Company.
The report is available through contacting State One Stockbroking on +61-8-9288-3388. It is also posted on the ABx website on the Investors Broker Coverage page.
About Australian Bauxite Ltd
Australian Bauxite Limited (ABx) (ASX:ABX) has its first bauxite mine in Tasmania & controls the Eastern Australian Bauxite Province. ABx's 11 bauxite tenements in Queensland, New South Wales & Tasmania totalling 662 km2 are all 100% owned, unencumbered & free of third-party royalties. ABx's bauxite is gibbsite trihydrate (THA) bauxite that can be processed into alumina at low temperature.
ABx has committed a large proportion of its expenditure into Research and Development to find ways to capitalise on the main strengths of its bauxite type which is very clean, free of all deleterious elements and partitioned into layers, nodules, particles and grains of different qualities that can be separated into different product streams using physical, chemical and geophysical methods.
ABx has declared large Mineral Resources in northern NSW, southern NSW, Binjour in central QLD & in northern Tasmania.
ABx's first mine commenced at Bald Hill near Campbell Town, Tasmania in 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 and has created significant bauxite development projects 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.
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