Next 30,000 Tonne Bauxite Sale Confirmed Shipping March 2019
Sydney, Dec 17, 2018 AEST (ABN Newswire) - Australian Bauxite Limited (
ASX:ABX) (ABx) is pleased to advise that it has been the successful tenderer for its next sale of seaborne cement-grade bauxite as follows:
- Tonnage: 30,000 tonnes +/- 10% (i.e. 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 link below)
- Loading date: Around 1 March 2019
- Basis of tonnes: As measured by independent ship's survey
ABx has been working with the customer over the past 3 months to achieve the optimum product specifications, which is part of the service that ABx provides for customers with specific requirements.
Mine, Transport & Handling Contracts
ABx has started contract negotiations for the mining, processing and blending at the minesite. It also has to arrange contracts for transport to the port and handling of the bauxite at the port.
ABx has long-standing relationships with experienced contractors that are well known for meeting the strict tonnage-specification targets and complying with community and landholder requirements.
Port Contracts
ABx has contracted with QUBE Logistics at Bell Bay for the stevedoring services and stockpiling arrangements, in conjunction with TasPorts. Monson Shipping have provided Shipping Agents services and Briar Maritime have provided independent ship surveys to date.
ABx's Chief Operating Officer, Leon Hawker commented; "We have a lot of work ahead to achieve on-time, on-specification delivery of bauxite produced and blended to our customer's requirements. We can ship efficiently from Bell Bay Port - an all-weather, 24/7 export port that can operate to high standards and good loading rates all year round. This is a core strength of our bauxite business."
ABx's Marketing Manager, Paul Glover commented; "Our bauxite is 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 at the mine and careful transport pit-to-port."
"This negotiation was longer than usual because we are trying to introduce new products to customers. We provided samples from a suite of possible products, all prepared at our laboratory, supervised by Operations Manager, Nathan Towns who is expert in sampling of bauxite to ISO Standards."
Fertiliser Sales Increasing
ABx is also pleased to advise that sales of fertiliser-grade bauxite are growing as the customer achieves good results by using ABx fertiliser-grade bauxite in its manufacturing of superphosphate fertiliser products. Bauxite granules reduce dust losses and improve the spreading performance of the fertiliser. Sales of fertiliser-grade bauxite are scheduled to recommence during the last week of January 2019.
ALCORE Technology Progress
ABx's subsidiary, ALCORE Limited is still ahead of schedule and working at full pace to get the Core Laboratory at the Research Centre in Berkeley Vale certified for production of Aluminium Fluoride samples for its four designated customers, early in the New Year.
BEST WISHES FOR THE FESTIVE SEASON
Directors and staff of Australian Bauxite Limited wish all of its shareholders, partnering contractors, suppliers and landholders a safe, enjoyable year-end festive season and a prosperous New Year.
To view figures, please visit:
http://abnnewswire.net/lnk/E7CKAKZZ
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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