Next 30,000 Tonne Bauxite Sale Confirmed
Sydney, July 27, 2017 AEST (ABN Newswire) - Emerging bauxite producer, Australian Bauxite Limited (
ASX:ABX) (ABx) is pleased to announce that its next bauxite sale has been confirmed 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
- 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
Land Transport Contract Finalised
ABx has issued the road transport contract to Dave Wagner & Son Pty Ltd at a competitive rate. Trucking arrangements have been agreed with all stakeholders on the same terms as for previous shipments.
Wagners is the transport company that provided the road haulage for previous shipments that were delivered successfully on time, meeting the strict tonnage-specification targets and complying with the all-important community requirements.
In addition to achieving a satisfactory rate for the land transport, ABx also considered this to be the best way to assure tight quality controls that ABx wishes to be known for in the market.
Port Stevedoring Contract Finalised
The shipping contract and the cost of ships' loading will be the responsibility of the customer in this instance.
ABx has contracted with QUBE Logistics at Bell Bay for the stevedoring services and the stockpiling arrangements, in conjunction with TasPorts.
ABx's Chief Operating Officer, Leon Hawker commented; "We have a proven record of on-time delivery of large tonnage cargoes of bauxite produced and blended to our customer's requirements. We also can ship efficiently from Bell Bay Port - an all-weather, 24/7 export port that can operate to high standards all year round. This is a core strength of our business."
ABx's Logistics Manager, Paul Glover commented; "Our bauxite is being blended specifically to suit our cement-grade bauxite customer, which is what we do for each sale. It is very clean bauxite due to efficient processing by Stornoway contractors at the Bald Hill mine and careful transport pit-toport 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 a significant ongoing business, which is due to be supplemented by additional purchasing from several offshore centres.
To view figures, please visit:
http://abnnewswire.net/lnk/C1QC5R8C
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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