ABx reports major EoIs for its 121,300 tonnes sale-ready bauxite in Q1 2017

<p>Sydney based leading bauxite producer Australian Bauxite Limited is getting a steady flow of buying leads from customers intending to enter into long-term purchase agreements. In its latest quarterly activities report, the bauxite miner said it currently boasts a sale-ready stockpile of 121,300 metric tonnes of bauxite. Till the end of first quarter of 2017, six customers from four different countries worldwide have expressed interest to purchase ABx&rsquo;s bauxite.</p> <p>In 2016, ABx sold 42,005 metric tonnes of cement-grade bauxite in four sales. Prior to that, it had sold 3,584 metric tonnes of the non-metallurgical grade bauxite in four separate sales since November, 2015.</p> <p><img style="vertical-align: middle; display: block; margin-left: auto; margin-right: auto;" src="http://www.alcircle.com/uploads/images/ABx.jpg" alt="News" width="517" height="288" /></p> <p>Demonstration mining and processing of bauxite has been started at Fingal Rail site- ABx&rsquo;s second mine, as a proof of the company&rsquo;s proprietary TasTech technology. The technology is expected to deliver high-specification, cement-grade bauxite for long-term contracts and add value to the ore mined by as much as ten times over, the report stated.</p> <p>While commenting on the progress made, ABx CEO Ian Levy said, &ldquo;We have supported the evolution of this exciting technology for over 2 years and feel that it now warrants a detailed feasibility study by independent consultants."</p> <p>{googleAdsense}</p> <p>ABx's bauxite for sale includes stockpiles of 35,500 tonnes of cement-grade bauxite, 1,100 tonnes of fertilizer grade bauxite, mine stockpiles of 16,900 tonnes of metallurgical-grade bauxite, 50,700 tonnes of cement-grade bauxite, and 17,100 tonnes of fertilizer-grade bauxite. Other than these products, another 33,000 tonnes is available, screened and ready for classification when necessary; and another 36,700 tonnes of bauxite remain to be screened, the report discloses.</p>