Yankuang Cash Call Update
Perth, July 8, 2013 AEST (ABN Newswire) - Further to the announcement dated 28 June 2013 regarding Yankuang Resources Pty Ltd ("Yankuang") outstanding cash calls payable to the Bauxite Alumina Joint Venture ("BAJV"), Bauxite Resources Limited (
ASX:BAU) wishes to inform the market that on 5th July BRL received a payment from Yankuang settling all outstanding amounts owing to BRL. In addition BAJV have received a partial payment of the outstanding cash calls from Yankuang.
Yankuang have also advised BAJV that the remainder of the outstanding amounts will be paid in the coming days.
BRL wishes to express its sincere thanks to Yankuang for its diligence in rectifying the outstanding amounts.
To view the original English release, please visit:
http://media.abnnewswire.net/media/en/docs/ASX-BAU-641125.pdf
About Bauxite Resources Limited
Bauxite Resources (ASX:BAU) (OTCMKTS:BXRDF) was established with a substantial tenement holding in Western Australia to develop new bauxite supply for the global alumina/aluminium industry. The Company listed on the Australian Securities Exchange (ASX) in October 2007.
The Darling Range in the south-west of Western Australia (WA) is the world's largest bauxite mining and alumina refining region producing around 20% of the world's alumina. This area has mined bauxite and refined alumina since the 1960s. These industries are leaders in sustainable resource development and represent the fifth largest sector of WA's resource industry.
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