ABx Receives First Payment for 30,000 Tonne Shipment
Sydney, Sep 25, 2017 AEST (ABN Newswire) - Bauxite producer, Australian Bauxite Limited (
ASX:ABX) (ABx) has received the first part payment for its 30,000 tonne bauxite cargo totalling $1.73 million. The customer will pay the remainder on proof of weight via ship's survey in the coming weeks.
This payment excludes the payment expected for an additional sale for 5,000 tonnes of a different cement-grade bauxite specification that will be carried in a separate hold in the same ship. This additional sale is a separate contract, but sold in short-time so as to utilise additional tonnage capacity in the ship, thus reducing shipping costs per tonne.
This multi-product, single-ship transport arrangement allows ABx to deliver bauxite of several specifications to separate customers and service each customer's specific grade requirements.
Mine Site Operations
Stornoway Projects Pty Ltd has carried out the specialist operations at the Bald Hill Bauxite Project mine site, including an important product assembly procedure that allows the blending of product to customer's specification. Bald Hill was the first new bauxite mine in Australia for more than 30 years.
Land Transport Arrangements
Dave Wagner & Son Pty Ltd has delivered the bauxite from the mine stockpile to port of Bell Bay ahead of schedule. Wagners transported the previous bauxite shipments and works well with all stakeholders.
Port Arrangements
QUBE Logistics at Bell Bay provides the stevedoring services and the stockpiling arrangements, in conjunction with TasPorts.
ABx considers this consistent handling to be the best way to assure tight quality controls that ABx wishes to be known for in the market. Inspections by two customers' agents confirmed this.
Our customers appreciate that:
ABx bauxite is the best favour they can do for themselves and their cement plant.
This sale is a continuation of ABx's ongoing business, which is due to be expanded by additional purchasing from several offshore centres, subject to appropriate currency exchange rates.
Fertiliser Sales Recommenced
ABx's sales into the fertiliser industry have recommenced over the past month and will continue at a low tonnage but continuous rate for he rest of the year.
To view figures, please visit:
http://abnnewswire.net/lnk/4D68KD4Y
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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