30,000 Tonne Shipment Completed - Additional Sale Confirmed
Sydney, Sep 19, 2017 AEST (ABN Newswire) - Bauxite producer, Australian Bauxite Limited (
ASX:ABX) (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.
Because this delivery has been completed 3 weeks ahead of schedule, an additional sale for 5,000 tonnes of a different cement-grade bauxite specification has been agreed and will be carried in a separate hold in the same ship.
This multi-product transport arrangement is how ABx can deliver bauxite of several specification in separate ships holds for delivery to separate customers, thus achieving cheaper transport costs per tonne and being able to service each customer's specific grade requirements.
The current contracts for land transport, port stevedoring, TasPorts and other logistics contracts have been extended for a week to transport this additional sale tonnage, again well ahead of the planned ship loading dates.
Specifications of the 30,000 tonne sale are as follows:
- Tonnage: 30,000 tonnes +/- 10% (ie. 33,000 tonnes maximum)
- Product: Cement-grade bauxite, blended to the customer's specification
- Source of Bauxite: Bald Hill Bauxite Project, Campbell Town, Northern Tasmania
- Dispatch Port: Bell Bay Port of Launceston, Tasmania (see Figure 1 in the link below)
- Delivery date: Before 30 September 2017 (COMPLETED 19 September 2017)
- Point of sale: Free alongside "FAS" (ie. delivered to the ship's side)
- Ship loading: Customer's account
- Basis of tonnes: As measured by independent ship's survey
- Invoice dates: 90% payable on delivery to berth, 10% remainder payable on ship's survey tonnage.
- Payment Terms: 7 days from invoice dates
Mine Site Operations
Stornoway Projects Pty Ltd has carried out the specialist operations at the mine site, including an important product assembly procedure that allows the blending of product to customer's specification.
Land Transport Arrangements
Dave Wagner & Son Pty Ltd has delivered the bauxite from the mine stockpile to port of Bell Bay ahead of schedule. Wagners transported the previous bauxite shipments and works well with all stakeholders.
Port Arrangements
QUBE Logistics at Bell Bay for the stevedoring services and the stockpiling arrangements, in conjunction with TasPorts.
ABx considers this consistent handling to be the best way to assure tight quality controls that ABx wishes to be known for in the market. Inspections by two customers' agents confirmed this.
ABx's CEO Ian Levy paid credit to the ABx marketing team, Operations Manager, Nathan Towns, COO Leon Hawker and Logistics Manager, Paul Glover; "The team reported progress daily to all parties, including the customer. ABx is blessed with over 70 years of marketing experience in its marketing team and has the in-house skills to carry out grade control to ISO standards."
ABx's Chief Operating Officer, Leon Hawker commented; "We have again confirmed our reputation of on-time delivery of large tonnage cargoes of bauxite produced and blended to customer's requirements. Bell Bay Port is an ideal export port for bulk-shipments of our bauxite and other products that can be co-shipped in large vessels. This is a core strength of our business." See Figure 2 in the link below.
ABx's Logistics Manager, Paul Glover commented; "Our bauxite is well suited to being blended to customers' requirements and multi-product shipping is a new capability that we have been keen to demonstrate. Ours is a very clean bauxite due to efficient processing by Stornoway contractors at the Bald Hill mine and careful transport pit-to-port by Wagners, in close coordination with QUBE stevedores and TasPorts."
Our customers appreciate that:
ABx bauxite is the best favour they can do for themselves and their cement plant.
This sale is a continuation of ABx's ongoing business, which is due to be expanded by additional purchasing from several offshore centres, subject to appropriate currency exchange rates.
Fertiliser Sales Recommenced
ABx's sales into the fertiliser industry have recommenced over the past month and will continue at a low tonnage but continuous rate for the rest of the year.
To view figures, please visit:
http://abnnewswire.net/lnk/G8L25W01
About ABx Group Limited
ABx Group Limited (ABx) (ASX:ABX) started as a bauxite miner in Tasmania in 2014 & controls the Eastern Australian Bauxite Province. In 2020 to 2023, ABx also discovered Australia’s only true ionic adsorption clay Rare Earth Elements resource at Deep Leads in pine plantations 40km west of Launceston with a JORC-compliant resource of 89 million tonnes from only 29% of the mineralised outline, averaging 844 ppm total rare earth oxides that is the most enriched in the critically important rare earths, Dy and Tb, of any Australian REE deposit.
ABx has also developed a proprietary technology to produce fluorine chemicals from an aluminium smelter waste product and return the fluorine back into the smelters, thus reducing reliance on imported aluminium fluoride.
ABx has committed a large proportion of its expenditure into Research and Development and has found ways to capitalise on the main strengths of its bauxite type which is very clean, free of all deleterious elements and can be separated into different product streams using physical, chemical and geophysical methods. It has produced and marketed specialist bauxite products for the manufacturers of fertiliser, cement with high late strength for major infrastructure such as bridges and is in the advanced stages of approvals for production of metallurgical bauxite from its Binjour Bauxite deposit with JORC-compliant resources of 37 million tonnes of bauxite, in a joint development with a Chinese-focussed Australian trading company Good Importing International.
ABx is also preparing to produce fertiliser grade and cement grade bauxite from its DL130 bauxite quarry in northern Tasmania, 40km west of Launceston. This quarry is sited in the middle of the large Deep Leads REE deposit and may one day be a site for heap leaching of the REE using a low-cost, benign leachate with the same acidity as apple juice or tea.
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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