ABx Confirms Shipment of 30,000 MT of Bauxite, Sale of Additional 5,000 MT

ABx Confirms Shipment of 30,000 MT of Bauxite, Sale of Additional 5,000 MT

Australian Bauxite Limited (ABx) announced the shipment and subsequent sale of a quantity of bauxite mined from its Bald Hill Bauxite Project in Tasmania.

Though the customer was not identified, ABx indicated that the shipment in question was of 30 thousand metric tons of cement-grade, custom-blended bauxite. The shipment was delivered to the purchaser’s ship at Bell Bay Port of Launceston. As the shipment was made prior to the September 30 deadline, the seller has agreed to purchase an additional 5 thousand metric tons of cement-grade bauxite of a different specification.

A sale price was not named for either load, but ABx indicated that 90 percent of the sale price was payable on delivery, while the balance will be due upon the ship’s survey tonnage.

Ian Levy, ABx’s CEO, expressed high praise for the work of the firm’s marketing team.

“The team reported progress daily to all parties, including the customer. ABx is blessed with over 70 years of marketing experience in its marketing team and has the in-house skills to carry out grade control to ISO standards.”

Leon Hawker, ABx’s Chief Operating Officer, said that his firm’s strengths lie in prompt delivery of bauxite ore blended to their customers’ unique requirements.

“We have again confirmed our reputation of on-time delivery of large tonnage cargoes of bauxite produced and blended to customer’s requirements. Bell Bay Port is an ideal export port for bulk-shipments of our bauxite and other products that can be co-shipped in large vessels. This is a core strength of our business.”

“Our bauxite is well suited to being blended to customers’ requirements and multi-product shipping is a new capability that we have been keen to demonstrate,” opined ABx’s Logistics Manager Paul Glover. “Ours is a very clean bauxite due to efficient processing by Stornoway contractors at the Bald Hill mine and careful transport pit-to-port by Wagners, in close coordination with QUBE stevedores and TasPorts.”

Based in Sydney, ABx conducts operations in Tasmania, Queensland, and New South Wales. The firm boasts combined JORC resources of 124 million metric tons in twenty-two tenements covering almost two thousand square kilometers in Eastern Australia. Its Binjour tenement in Queensland is considered by the company to be its flagship project.