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26 APRIL 2018 AL CIRCLE

QBL team visits China looking for collaboration on South Johnstone Bauxite Project

EDITED BY : BEETHIKA BISWAS 2MINS READ

Members of the Queensland Bauxite management team responsible for the development of the South Johnstone Bauxite Project are currently visiting several Chinese alumina refineries and aluminium smelters. The visit is a part of it current marketing strategy and a part of the operational plan under the existing granted Mineral Development Licence on South Johnstone.

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The team is headed by QBL's Chief Geoscientist Dr Robert Coenraads PhD. They are in talk with the company executives who have expressed interest in collaborating with South Johnstone Bauxite Project.  A Hong Kong based metals marketing platforms who have offered to assist in the commodity trading with QBL is also among their list of meetings.

The Aluminium, alumina and bauxite, Resources and Energy Quarterly, December 2017 published by the Office of the Chief Economist of the Australian Government Department of Industry Innovation and Science forecasts strong growth in aluminium price in 2018 and 2019.  This is seen as an opportunity to expand business by the bauxite and alumina companies in Australia.

Pnina Feldman, Chairperson of QBL said, "We are excited to finally see the light at the end of the tunnel for this project, with potential business arrangements which we believe will turn our South Johnstone Bauxite deposit into the lucrative project that we have always anticipated it could become. The Company's current trip to China should further these potential arrangements and partnerships that should establish South Johnstone as an exciting project that will benefit the Company and all shareholders."

The Company is looking at finalizing commercial arrangements with the relevant business organisations.  The Company is working on finalising the application for a Mining Lease at South Johnstone. The company is monitoring on-site surface water and groundwater quality, and background dust and noise levels with its environmental team and expects to file an application soon.

 


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EDITED BY : BEETHIKA BISWAS 2MINS READ

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