ABx Seals Deal For Sale Of 30 Thousand MT Of Custom Bauxite Ore
18 December 2018 by Staff
Australian Bauxite Limited (ABx) announced yesterday the firm’s latest sale of bauxite ore from its operations at the Bald Hill Bauxite Mine in northern Tasmania.
Per the firm’s press release, the sale will have ABx delivering approximately 30 thousand metric tons (with an allowable variance of 10 percent) of cement-grade bauxite to an unspecified buyer. Financial terms of the deal were not disclosed, but the logistics include shipment from the mine via rail to the dispatch port at Bell Bay for loading on or around March 1 of next year.
ABx explained that the bauxite mix to be delivered in this deal is one specifically tailored to the customer’s needs. The bespoke mixture is the product of a three-month process that ABx says it offers to all its customers.
“We have a lot of work ahead to achieve on-time, on-specification delivery of bauxite produced and blended to our customer’s requirements,” explained Leon Hawker, ABx’s Chief Operating Officer. “We can ship efficiently from Bell Bay Port – an all-weather, 24/7 export port that can operate to high standards and good loading rates all year round. This is a core strength of our bauxite business.”
Paul Glover, ABx’s Marketing Manager, explained the process the company undertook in delivering the custom bauxite ore to the buyer in question.
“Our bauxite is 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 at the mine and careful transport pit-to-port.
“This negotiation was longer than usual because we are trying to introduce new products to customers. We provided samples from a suite of possible products, all prepared at our laboratory, supervised by Operations Manager, Nathan Towns who is expert in sampling of bauxite to ISO Standards.”
In addition to announcing the most recent sale, ABx also advised the market that sales of fertilizer-grade bauxite ore are on the rise due to positive results achieved by customers to date. The firm expects to resume sales of fertilizer-grade bauxite late next month.
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.