Australian Bauxite Ltd.: Next 30,000 Tonne Bauxite Sale Confirmed
Emerging bauxite producer, Australian Bauxite Ltd. (ASX:ABX) (ABx) is pleased to announce that its next bauxite sale has been confirmed as follows:- Tonnage: 30,000 tonnes +/- 10% (ie. 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 the link below)
- Delivery date: Before 30 September 2017
- Point of sale: Free alongside "FAS" (ie. delivered to the ship's side)
- Ship loading: Customer's account
- Basis of tonnes: As measured by independent ship's survey
- Invoice dates: 90% payable on delivery to berth
10% remainder payable on ship's survey tonnage.
- Payment Terms: 7 days from invoice dates
Land Transport Contract Finalised
ABx has issued the road transport contract to Dave Wagner & Son Pty Ltd at a competitive rate. Trucking arrangements have been agreed with all stakeholders on the same terms as for previous shipments.
Wagners is the transport company that provided the road haulage for previous shipments that were delivered successfully on time, meeting the strict tonnage-specification targets and complying with the all-important community requirements.
In addition to achieving a satisfactory rate for the land transport, ABx also considered this to be the best way to assure tight quality controls that ABx wishes to be known for in the market.
Port Stevedoring Contract Finalised
The shipping contract and the cost of ships' loading will be the responsibility of the customer in this instance.
ABx has contracted with QUBE Logistics at Bell Bay for the stevedoring services and the stockpiling arrangements, in conjunction with TasPorts.
ABx's Chief Operating Officer, Leon Hawker commented; "We have a proven record of on-time delivery of large tonnage cargoes of bauxite produced and blended to our customer's requirements. We also can ship efficiently from Bell Bay Port - an all-weather, 24/7 export port that can operate to high standards all year round. This is a core strength of our business."
ABx's Logistics Manager, Paul Glover commented; "Our bauxite is being 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 by Stornoway contractors at the Bald Hill mine and careful transport pit-toport by Wagners, in close coordination with QUBE stevedores and TasPorts. 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 a significant ongoing business, which is due to be supplemented by additional purchasing from several offshore centres.
To view figures, please visit:
http://abnnewswire.net/lnk/C1QC5R8C
About Australian Bauxite Ltd:
Australian Bauxite Ltd. (ABx) (ASX:ABX) has started its first bauxite mine in Tasmania and holds the core of the Eastern Australian Bauxite Province. ABx's 37 bauxite tenements in Queensland, New South Wales and Tasmania exceed 5,000 km2 and were rigorously selected for (1) good quality bauxite; (2) near infrastructure connected to export ports; and (3) free of socio-environmental constraints. All tenements are 100% owned, unencumbered & free of third-party royalties.
ABx's discovery rate is increasing as knowledge, technology and expertise grows.
The Company's bauxite is high quality gibbsite trihydrate (THA) bauxite and can be processed into alumina at low temperature.
ABx has declared large Mineral Resources at Inverell and Guyra in northern NSW, Taralga in southern NSW, Binjour in central QLD and in Tasmania confirming that ABx has discovered significant bauxite deposits including some of outstandingly high quality.
In Tasmania, at Bald Hill, the Company's first bauxite mine commenced operations on schedule on 9 December 2014 – the first new Australian bauxite mine for more than 35 years.
ABx aspires to identify large bauxite resources in the Eastern Australian Bauxite Province, which is emerging as a globally significant bauxite province. ABx has created significant bauxite developments in 3 states - Queensland, New South Wales and Tasmania. Its bauxite deposits are favourably located for direct shipping of bauxite to both local and export customers.
ABx endorses best practices on agricultural land, strives to leave land and environment better than we find it. We only operate where welcomed.
Contact:
Ian Levy CEO and MD
Australian Bauxite Ltd.
T: +61-2-9251-7177 M: +61-407-189-122
