ABx Receives First Payment for 30,000 Tonne Shipment
Sydney, Sep 25, 2017 AEST (ABN Newswire) - Bauxite producer, Australian Bauxite Limited (
ASX:ABX) (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.
This payment excludes the payment expected for an additional sale for 5,000 tonnes of a different cement-grade bauxite specification that will be carried in a separate hold in the same ship. This additional sale is a separate contract, but sold in short-time so as to utilise additional tonnage capacity in the ship, thus reducing shipping costs per tonne.
This multi-product, single-ship transport arrangement allows ABx to deliver bauxite of several specifications to separate customers and service each customer's specific grade requirements.
Mine Site Operations
Stornoway Projects Pty Ltd has carried out the specialist operations at the Bald Hill Bauxite Project mine site, including an important product assembly procedure that allows the blending of product to customer's specification. Bald Hill was the first new bauxite mine in Australia for more than 30 years.
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 provides 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.
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 he rest of the year.
To view figures, please visit:
http://abnnewswire.net/lnk/4D68KD4Y
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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