Australian Bauxite Limited (ABx) advised investors yesterday that operations are back in action in the wake of a stoppage to battle the effects of the recent coronavirus pandemic.
Per the firm, mining and screening operations at Bald Hill mine are in full swing, with trucking to port underway. ABx is currently assembling its next shipment of bespoke cement-grade bauxite ore for shipment to an unidentified customer.
Though mining activities slowed during the late virus outbreak, ABx says it has remained busy in other areas. Over the course of the months of April and May, ABx has landed contracts worth over A$2.5 million for fertilizer-grade and cement-grade bauxite ore. In addition, the firm advises that it has engaged Hazell Bros for mining, processing, and blending at the mine site and Dave Wagner & Son Pty Ltd for transport of bauxite to port facilities.
More recently, ABx has cemented its relations with the shipping port it currently uses. On Monday the firm signed a deal with TasPorts and QUBE Ports at Bell Bay for stevedore services and bauxite stockpiling. Currently Monson Shipping provides ABx with shipping agents services, while Briar Maritime have provided independent ship surveys.
ABx notes that demand for its product is steady, especially for fertilizer-grade bauxite. Agricultural demand for granulated superphosphate fertilizer is on an uptick, as brush fires in Australia have yielded and sales over Easter through this month continue apace. ABx notes its partnership with Impact Fertilisers on developing the product, which it says will be loaded onto trucks for delivery in the coming weeks.
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.