Bauxite Resources Limited (ASX:BAU) Receives A$9 Million Reimbursement from Yankuang Group
Bauxite Resources Limited (ASX:BAU) is pleased to announce that it has received reimbursement of approximately A$9.0 million from its joint venture partner Yankuang Group Corporation (Yankuang). The payment is pursuant to the Bauxite Refinery and Bauxite Resource joint venture agreements signed with Yankuang in January 2011. The final amount covers three separate reimbursable amounts due for payment in the June quarter.