A bauxite miner might make the best use of varying weather conditions in Tasmania and Queensland to time its shipments.
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“Opportunities exist to make large-tonnage shipments from Tasmania to major customers during the Tasmanian summer dry months (November to March) and supply bauxite from Binjour, in Queensland, in the dry season (April to November), which is best for production and shipping from Bundaberg,” Australian Bauxite Limited said in its interim financial report for the six months to June 30.
“This opportunity will be investigated over the coming year as the Binjour feasibility study is finalised and negotiations are completed for offtake agreements of more than one million tonnes of bauxite per year.”
The company has mined over several years near Campbell Town and has various Tasmanian deposits in a rough triangle between the Campbell Town, Deloraine and Launceston areas.
It said it had about 130,000 tonnes of bauxite stockpiled in Tasmania, comprising:
- 2050 tonnes of cement and fertiliser grade bauxite;
- 60,800 tonnes ready for blending bauxite;
- 30,200 tonnes ready for classification; and
- 36,700 tonnes of broken ore stocks ready for screening for future needs.
The company, chaired by former Tasmanian Labor premier Paul Lennon, said it had a letter of intent to supply chemical grade bauxite for treatment of waste water in Bangladesh with chemical manufacturing company and trading house the Aziz Group.
It said the two companies were investigating shipping strategies between Australia and Bangladesh.
It said its activities for the half-year included:
- Developing its ALCORE refining technology;
- the Binjour feasibility study;
- mining and processing in Tasmania, with exports shipped from Bell Bay; and
- assessment and development of its Penrose deposit, in New South Wales.
It had a cash balance of $1.9 million on September 1.
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