Letter of Intent with Aziz Group Bangladesh
Sydney, July 18, 2018 AEST (ABN Newswire) - Australian Bauxite Limited (
ASX:ABX) (ABx) is pleased to advise that Australian Bauxite Limited and Aziz Group of Bangladesh have successfully negotiated a Letter of Intent (LOI) over two important opportunities for bauxite sales and future business development.
Chemical Grade Bauxite
ABX have agreed to develop and supply Chemical Grade Bauxite for the manufacture of PAC (Polyaluminum Chloride) to be used in the treatment of industrial waste water.
Aziz Group are a chemical manufacturing, trading and marketing company in Bangladesh involved in a variety of chemical manufacturing industries and a long-established trading house with a broad base of customers and relationships.
Industrial waste water is a significant issue for Bangladesh industry and communities with large volumes of waste water needing to be treated and returned to the environment.
Australian Bauxite CEO, Mr. Ian Levy said; "We are delighted to be involved in this significant opportunity that will have a positive impact on the communities of Bangladesh, utilizing our bauxite which is known for its clean character and being free of deleterious elements. We also have a wide range of grades of bauxite to supply, including our Penrose bauxite which is more than 55% Al2O3 and very low in iron content."
Cement Grade Bauxite
Australian Bauxite Limited will be appointing Aziz Group of Bangladesh to be the ABx agent for marketing ABx Cement Grade Bauxite to Bangladesh.
The Bangladesh Cement Industry is undergoing significant growth and an excellent opportunity exists for ABx's ultra clean and cement specific Cement Grade Bauxite to provide a perfectly balanced blend of Aluminum, Iron and Silica to assist the Bangladesh Cement Industry produce high late strength cement.
CEO of Aziz Group Mr. Johnny Chowdhury said; "There is a real opportunity for our wellestablished trading and manufacturing relationships to be of significant support in the marketing of this specialized ABx Cement Grade Bauxite. We look forward to jointly developing a good market base for real supply opportunities."
To view figures, please visit:
http://abnnewswire.net/lnk/0764K5XB
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.
| ||
|
