
Australian Bauxite on Tuesday, July 24, reported that its subsidiary ALCORE received the minimum funding to start Stage 1 of the project.
Site construction works started in July at the pre-approved pilot plant site in New South Wales, as per the plan, for the production of aluminium fluoride samples by refining raw bauxite. The budget set for the Stage 1 operation is A$ 2.5 million.
{alcircleadd}
“This is the beginning of a powerful new bauxite refining technology which will commence as an important supplier of key aluminium fluoride products for the Australasian aluminium smelters and producing silica fume for the cement industry, then develop Corethane pure hydrocarbons for energy and fuel security,” said Australian Bauxite CEO Ian Levy.
It will initially start with the production of aluminium fluoride test samples and later on, diversify to the production of Corethane, which is pure hydrocarbon powder refined from low-value coals.
Levy said on Tuesday that upside potential of the company includes expanding the product range to aluminium fluoride for lithium-ion batteries, iron and titanium-based pigments, and then developing ultra-pure products such as high purity alumina for the manufacture of scratch-resistant sapphire glass for phones and computer screens.
Stage 2 operations will consist of a production capacity of 50,000 tonnes per year that would cost about A$ 50 million for the development.
Responses







