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 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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