High-quality bauxite producer Australian Bauxite Limited (ASX: ABX) notified that its Board of Directors approved the lodgement of a mining lease application and related project strategy for ABX’s flagship Binjour Bauxite Project.
- Directors and a Director of Rawmin Mining of India (ABX’s marketing partner funding the Binjour project) reviewed project plans, financial assessments, bauxite market developments and risk-factors over 3 days.
- A Mining Lease Application will be lodged in early 2020; and,
- ABx and Rawmin intend to sell 0.5 to 1.5 million tonnes a year of trihydrate bauxite grading 44 per cent to 45 per cent .
There is no investor left unperturbed with the ongoing trade conflicts between US-China and the devastating bushfire in Australia.
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