Australian Bauxite Ltd receives letter of intent for next shipment of Tasmanian bauxite

Australian Bauxite Limited today announced that the company has received a letter of intent for a significant shipment of cement grade bauxite from its Bald Hill Bauxite mine, in Tasmania. The company’s marketing and logistics officers are in talks with the customer about delivery arrangements. The shipment date is expected to be early in the fourth quarter.

Ian Levy, CEO of Australian Bauxite Limited, said, “Interest from new customers is increasing because we have a unique cement-grade product range and our reputation is spreading in an industry which is normally reluctant to change ingredients unless benefits are proven.”

“And all at once, we are also getting requests for metallurgical bauxite sales into China and India at better prices than 3 months ago.”

{googleAdsense}

The company has had excellent results from the newly concluded bulk mining and processing trials at the Fingal Rail mine site in Tasmania which processed ores from both Fingal Rail and Bald Hill resources. The company is now expecting multi-product shipments in 2018.

Australian Bauxite Limited has its first bauxite mine in Tasmania and holds the core of the Eastern Australian Bauxite Province. The company produces high grade metallurgical-grade bauxite, cement-grade bauxite and fertiliser-grade bauxite.