15 OCTOBER 2013Yahoo Finance
Bauxite Resources Limited publishes annual report
Edited by : AL CIRCLE
1 min read
During the year Bauxite Resources Limited focused on the development of its bauxite interests in Western Australia with the objective of commercial development of bauxite and alumina capacity to support a developing market in China.
Achievements during the financial year were:
- Exceptional resource growth of 96% to 243.7 million tonnes
- Successful cash conservation strategy achieved cash balance at end of year of $44 Million
- Implementation of inaugural share buyback for the Company for up to 10% of the issued capital
- Selective reduction of non-prospective tenement holdings from approximately 25,000km2 to now 17,710km2
- Appointment of highly respected mining professional Mr Peter Canterbury as CEO/Executive Director
- Effective expenditure review and implementation resulting in significant cost reductions
To view the annual report, please visit: http://media.abnnewswire.net/media/en/docs/ASX-BAU-652463.pdf
Achievements during the financial year were:
- Exceptional resource growth of 96% to 243.7 million tonnes
- Successful cash conservation strategy achieved cash balance at end of year of $44 Million
- Implementation of inaugural share buyback for the Company for up to 10% of the issued capital
- Selective reduction of non-prospective tenement holdings from approximately 25,000km2 to now 17,710km2
- Appointment of highly respected mining professional Mr Peter Canterbury as CEO/Executive Director
- Effective expenditure review and implementation resulting in significant cost reductions
To view the annual report, please visit: http://media.abnnewswire.net/media/en/docs/ASX-BAU-652463.pdf
Previous article
Bauxite Resources withdraws EPA application for mining proposal
Next articleChalco Guizhou puts Maiba Bauxite Mine into full operation
Grow with
AL Circle
