Australian Bauxite Limited (ASX:ABZ) to Present at Mining 2011 Resources Convention
Sydney, Oct 27, 2011 AEST (ABN Newswire) - Australian Bauxite Limited (
ASX:ABZ) says today Mr Levy will be presenting at the Mining 2011 Resources Convention at 5:10 pm today.
The Convention is at the Brisbane Convention and Exhibition Centre.
Australian Bauxite is also exhibiting at the convention and is located at Stand 51.
Shareholders and the public are welcome to attend the exhibition and presentation.
Chinese Bauxite Statistics
The Chinese bauxite import statistics for the month of September 2011 show another record month with imported tonnage of bauxite being 37% more than last year at 4.48 million tonnes for the month. View figures here: http://media.abnnewswire.net/media/en/docs/70279-ABZ.pdf
The price of Australian bauxite imported into China has risen 19% to US$57.23/tonne.
Commenting on the market trends, ABx CEO, Ian Levy said;" The upward trend in prices and tonnages has been a bit above expectations but not surprising when one looks at the industry transformation that has occurred in China and India since 2003. Most pleasing is the fact that Australian Bauxite's discoveries are achieving price premiums exceeding 25%."
Market Assessment
This week, market assessment activities for products from Australian Bauxite's Goulburn Project have commenced as part of the Pre-Feasibility Study. These involve discussions with some of the world's largest importers of bauxite.
Broker Research Report
State One Stockbroking Limited has completed a comprehensive research report on the Company.
The report is available through contacting State One Stockbroking on +61-8-9288-3388. It is also posted on the ABx website on the Investors Broker Coverage page.
About ABx Group Limited
ABx Group Limited (ABx) (ASX:ABX) is a uniquely positioned Australian company delivering materials for a cleaner future.
The three priority projects are:
- Heavy rare earths: Supplying light and heavy rare earths from Tasmania into Western supply chains
o Processing Options Analysis conducted in partnership with external experts
- Clean fluorine chemical production: Producing industrial chemicals from aluminium smelter by-product (ALCORE)
o Continuous pilot plant under construction in Bell Bay, Tasmania
- Near-term bauxite production: Mining bauxite resources for the aluminium, cement and fertiliser industries
o Agreements executed with Good Importing International for bauxite projects in Queensland and New South Wales, and $2.7 million initial payment has been received
o Approvals well advanced for DL130 bauxite project in northern Tasmania
ABx endorses best practices on agricultural land and strives to leave land and environment better than we find it. We only operate where welcomed.
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