Bauxite Resource, WKN: A0M6J3, 50Mt Bauxit
Mr Scott Donaldson, the Chief Executive Officer ("CEO") of Bauxite Resources Ltd has been confirmed the CEO of the Management Company that operates the two joint ventures.
The Commencement of the two joint ventures will enable the following:
1. Funding for all activities from 1 April 2011 will be in accordance with the Joint Venture Agreements with expenditure split 90/10 on Bankable Feasibility Studies and 70/30 on Exploration activities (Yankuang/BRL respectively).
2. Continuation of the scoping and site selection studies. The scoping studies have been ratified by the Joint Venture Board and form an integral part of the Bankable Feasibility Studies.
3. BRL will be refunded a "Reimbursement Amount" being 70% of past expenditure. This amount is approximately AUD$6.8 million.
4. BRL will also be entitled to payment of an Interim Amount for part of the expenditures since the Heads of Agreement and detailed agreements were signed.
5. Continuation of an exploration program, subject to normal statutory approval processes, to define the resources to underpin the proposed alumina refinery.
Further regulatory approvals will be required closer to the times of construction and production.
About Bauxite Resources Limited
Bauxite Resources Limited (ASX:BAU) was launched in May 2006 to establish itself in the bauxite and alumina industries in Western Australia where four of the seven Australian alumina refineries and four of Australia’s bauxite mines are located. It listed successfully on the ASX on 22 October 2007 after closing its A$7.5 million IPO early and oversubscribed, having previously raised approximately $1.3 million in seed capital. In February 2009 the Company raised a further $4.7 million on the uptake of its options issue.
The Company is the only ASX-listed bauxite explorer in the highly prospective Darling Range, and is the largest tenement holder in the Darling Range with approximately 15,000 square kilometres of prospective bauxite laterite ground. To put this into context this area is larger than East Timor and almost the size of Beijing Municipality.
The Darling Range is the largest bauxite mining and alumina producing region in the world. This area supplies approximately 18% of the world’s alumina and is home to Alcoa’s Huntly Mine, the largest producing bauxite mine in the world and Pinjara Refinery the second largest alumina refinery in the world. The Darling Range has three of the top five refineries in the world in terms of lowest operating costs.
Contact
Paul Fromson
Chief Financial Officer / Company Secretary
Bauxite Resources Limited
Tel: +61-8-9200-6300
Email: pfromson@bauxiteresources.com.au
Quelle abnnewswire.net
http://wotnews.com.au/announcement/...g_Statement_on_Targets/1167842/
http://www.bauxiteresources.com.au/download/...Quarterly%20Report.pdf
Mon, 2 May 2011 16:11:00 +1000 34 minutes ago
BAUXITE RESOURCES LTD A new era in Australian Bauxite-Alumina Investor Presentation May 2011 Disclaimer Forward Looking Statements No representation or warranty, express or implied, is made by Bauxite Resources Ltd that the material contained in this presentation will be achieved or prove to be correct. Except for statutory liability which cannot be excluded, each of Bauxite Resources Ltd, its officers, employees and advisers expressly disclaims any responsibility for the accuracy or completeness of the material contained in this presentation and excludes all liability whatsoever (including in negligence) for any loss or damage which may be suffered by any person as a consequence of any information in this presentation or any error or omission there from. Bauxite Resources Ltd accepts no responsibility to update any person regarding any inaccuracy, omission or change in information in this presentation or any other information made available to a person nor any obligation to furnish the person with any further information.
Company Profile Stock Code: BAU Ordinary Options Market Cap Bank Debt Current cash Scott Donaldson Paul Fromson 235m 25m $55m $0 $42m CEO CFO & Company Secretary (28/4/11) (28/4/11) Bauxite Resources Darling Range tenements (granted & under application) • ~24,000 km2 tenement area • 39 ELs granted, 72 Pending • 286 properties have signed agreements • JORC (Indicated & Inferred) Resource 15.1 Mt @ 31.2% Al2O3 (Av), 3.9% SiO2 (R) • Additional resources currently being modelled.
Strong Cash Position
Dual vision for future direct shipping bauxite (DSO) and/or Alumina Refinery
Expect to fund ~$150M for a 30% share of a ~$1,500M Refinery
Strong Management Team
Refinery BFS to be completed by end of 2013 CY
Refinery Scoping study Sept Qtr 2011
Medium term cash flow via direct shipping is subject to regulatory approvals and bauxite prices
Additional info (leider immer noch nicht geklärt): EPA still pending
Gruß
Tuesday, May 17, 2011 by John Phillips Queensland Bauxite (ASX: QBL) has initiated an extensive aircore drilling campaign covering over 25,000 metres at two of the company's projects.
The strategic focus of Queensland Bauxite in the near-term is to define bauxite resources with a view to commencing direct shipping ore mining and export operations.
The company said the new exploration campaign will be aimed at defining JORC Resources.
Queensland Bauxite is moving the program forward quickly with drilling having already kicked off at the Kingaroy Project, with exploration to then move to the South Johnstone Project.
Kingaroy is located about 100 kilometres from Bundaberg in Queensland, and is connected by highway to ports at Brisbane, Bundaberg and Gladstone.
South Johnstone is located near the Port of Mourilyan in northern Queensland.
Quelle proactivinvestor
http://www.asx.com.au/asxpdf/20110525/pdf/41yvl3k119nvbc.pdf
gruß black.jack
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Bauxite Resources Limited (ASX:BAU)
Bauxite Resources Limited (ASX:BAU) Appointment Of Two Alternate Directors
Perth, June 2, 2011 (ABN Newswire) - Bauxite Resources Limited (ASX:BAU) wishes to advise the appointment of two alternate directors, Mr Kevin Ernest Judge (as alternate for Mr Luke Atkins) and Mr Chenghai Yang (as alternate for Mr Ding Feng).
Mr Judge is the founding and senior partner of Judge Constable, a Chartered Accounting practice established in 1989. Mr Judge has extensive experience at board level on many ASX listed mining companies.
Mr Chenghai Yang is a senior executive with Shandong No.1 Institute of Geology & Minerals Exploration and is the Managing Director of their Australian subsidiary HD Mining and Investment Pty Ltd.
About Bauxite Resources Limited
Bauxite Resources Limited (ASX:BAU) was launched in May 2006 to establish itself in the bauxite and alumina industries in Western Australia where four of the seven Australian alumina refineries and four of Australia’s bauxite mines are located. It listed successfully on the ASX on 22 October 2007 after closing its A$7.5 million IPO early and oversubscribed, having previously raised approximately $1.3 million in seed capital. In February 2009 the Company raised a further $4.7 million on the uptake of its options issue.
The Company is the only ASX-listed bauxite explorer in the highly prospective Darling Range, and is the largest tenement holder in the Darling Range with approximately 15,000 square kilometres of prospective bauxite laterite ground. To put this into context this area is larger than East Timor and almost the size of Beijing Municipality.
The Darling Range is the largest bauxite mining and alumina producing region in the world. This area supplies approximately 18% of the world’s alumina and is home to Alcoa’s Huntly Mine, the largest producing bauxite mine in the world and Pinjara Refinery the second largest alumina refinery in the world. The Darling Range has three of the top five refineries in the world in terms of lowest operating costs.
Contact
Paul Fromson
Chief Financial Officer / Company Secretary
Tel: +61-8-9200-6300
Email: pfromson@bauxiteresources.com.
Der große Vorteil an BAU ist, dass man ziemlich genau weiß wann es wieder aufwärts geht! :)))
Gruß
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Bauxite Resources Limited (ASX:BAU)
Bauxite Resources Limited (ASX:BAU) Receives A$9 Million Reimbursement from Yankuang Group
Perth, June 15, 2011 (ABN Newswire) - Bauxite Resources Limited (ASX:BAU) is pleased to announce that it has received reimbursement of approximately A$9.0 million from its joint venture partner Yankuang Group Corporation (Yankuang). The payment is pursuant to the Bauxite Refinery and Bauxite Resource joint venture agreements signed with Yankuang in January 2011. The final amount covers three separate reimbursable amounts due for payment in the June quarter.
The payment of this final reimbursement amount triggers the earning by Yankuang, of a 70% interest in the bauxite rights in the joint venture tenements (both pending and granted) held by BRL in the Darling Range.
The joint ventures with Yankuang are collectively known as the Bauxite Alumina Joint Ventures (BAJV) and officially commenced on 1 April 2011. Joint Venture expenditure from 1 April onwards is contributed 70/30 under the Bauxite Resource Joint Venture (exploration and access expenditure) and 90/10 under the Alumina Refinery Joint Venture (primarily expenditure on refinery feasibility studies) by Yankuang and BRL respectively.
Yankuang has strengthened its presence in Perth with the establishment of a corporate office and is actively involved in supporting the BAJV which is managed by BRL's CEO, Scott Donaldson.
BAJV's progress to date has been pleasing with geological resource updates scheduled over the next 2 months and a refinery scoping study well advanced.
BRL's cash position after the reimbursement is approximately A$50 million with a further A$10 million in property and fixed assets. The Board is pleased with the company's strong cash position and the reduction in ongoing BRL expenditure as it works with Yankuang towards achievement of the BAJV goals.
The Company is pleased with both the progress of the joint ventures and its relationship with Yankuang and looks forward to further milestone events.
About Bauxite Resources Limited
Bauxite Resources Limited (ASX:BAU) was launched in May 2006 to establish itself in the bauxite and alumina industries in Western Australia. The Company successfully listed on the Australian Stock Exchange in October 2007 and is the only ASX-listed bauxite explorer in the highly prospective Darling Range.
The Darling Range in south-west Western Australia is one of the most important bauxite and alumina producing regions in the world. This area produces 23% of the world's alumina and the refineries located here are amongst the most cost-efficient due principally to the quality of the Darling Range bauxite.
Bauxite Resources entered into Joint Ventures with Yankuang Group in April 2011 providing significant investment opportunities for mining and alumina refining in Western Australia.
These progressive joint ventures, Bauxite Alumina Joint Ventures embrace the opportunity to develop a sustainable, long term business asset that provides opportunities for the Western Australian community.
Contact
Paul Fromson
Chief Financial Officer/Company Secretary
Tel: +61-8-9200-6300
Mob: +61-419-942-112
Email: pfromson@bauxiteresources.com.au
Bauxite Resources Limited (ASX:BAU) Increases Global Bauxite Resource To 24.8Mt In North Darling Range
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Bauxite Resources Limited (ASX:BAU)
Bauxite Resources Limited (ASX:BAU) Increases Global Bauxite Resource To 24.8Mt In North Darling Range
Perth, June 21, 2011 (ABN Newswire) - Perth-based bauxite explorer Bauxite Resources Limited (ASX:BAU) ("The Company") is pleased to announce an update to the bauxite resource base in its North Darling Range project area. Resource modelling has been completed on recent drilling undertaken on the Juturna prospect that has produced a Maiden Inferred Resource of 8.2Mt. In addition, remodelling of the Vallonia prospect has delineated an Inferred Resource of 1.5Mt. Both areas come under the Bauxite Resource Joint Venture with Yankuang Resources Pty ltd ("Yankuang"), with Bauxite Resources owning a 30% interest in bauxite and 100% of other minerals. Resource modelling for Juturna has been conducted by Snowden Mining Industry Consultants Pty Ltd. Resource modelling for Vallonia (formerly referred to as Avon) has been carried out by Bauxite Resources and all results supersede previous resources announced by the company.
Stage 1 of both the Minerva and Cardea prospects are currently being modelled and two additional prospects, Pomona and Concordia, have been identified. First pass drilling is complete on several properties within these new prospect areas and resource modelling is planned for the second half of calendar year 2011 once all assay results have been received.
All resources announced to date have been analysed using low temperature digestion that approximates the Bayer process. In conjunction with the refinery scoping study that is currently underway, Bauxite Resources is reviewing all resources for amenability to higher temperature Bayer Process refining. This method of processing bauxite is known to increase the amount of alumina that is available and still has a relatively low technical risk as it is commonly used elsewhere in the world.
The Company continues to build on the robust resource base in the North Darling Range with two Maiden Resources announced today, a further two Maiden Resources expected within 60 days and another two new resource areas identified. Drilling is ongoing within the 44 tenements granted to date in the Darling Range.
Juturna Resource
The Juturna resource is located in the Bakers Hill region of Western Australia. Not previously reported, the resource is based on first pass drilling conducted by the company on tenement E70/3002.
The majority of the Juturna resource has been defined with drilling at 80m x 80m spacing. The next step in advancing the classification of this resource will be the design and implementation of a second phase drilling program to reduce the spacing down to 40m x 40m within the mineralised zones. Several bulk samples will also be taken across the resource to assist in verification of drilling results, validity of geological domains and better definition of the geo-metallurgical characteristics of the ore body.
Vallonia Resource
The Vallonia resource is located in the Gidgegannup region of Western Australia. Previously reported as Avon Area 4, 5 & 6, this resource update is based on drilling undertaken by Bauxite Resources within the past 12 months on tenement E70/3003.
Previous resources reported for Avon Area 4, 5 & 6 were based on historical drilling conducted by companies exploring the region in the 1960's and 70's. That reported resource covered a large area across several tenements that were pending at the time. Bauxite Resources has since had some of this tenure granted and has drilled several properties in the central area of E70/3003. As such this resource update supersedes all previously reported resources for this area.
Previously Reported Resources
The above resources defined at Juturna and Vallonia are in addition to the previously reported resources at Aurora and Rusina.
Results are currently being returned for infill drilling at Aurora. This program of drilling was designed to allow further conversion of the Inferred Resource at Aurora to Indicated status. The majority of results for the second phase of drilling at Rusina have also been received. This will not only facilitate improved definition within the existing resource but also has the potential to expand the lateral extent of the mineralised zone. Remodelling of both resources will be completed once all results have been returned and are expected to be finalised in the 2011 December quarter.
Minerva Prospect
Resource modelling has commenced on the first stage of drilling on the Minerva Prospect and will be completed early in the 2011 September quarter. This area to the west of Toodyay shows potential and will be the focus of much of the company's ongoing exploration drilling over the next 3 to 6 months.
The available alumina values represent the amount of alumina that may be extracted through standard low temperature Bayer Process refining. Early results at the Minerva Prospect indicate there is significant potential to increase the amount of available alumina through the application of high temperature digestion in the Bayer Process. The Company is investigating if application of this technology that is aimed at either increasing the grade of available alumina or enabling the inclusion of marginal or sub-economic material in the resource.
Cardea Prospect
Resource modelling on the Cardea Prospect is well underway, with Stage 1 and Stage 2 expected to be completed by the end of the 2011 September quarter. This prospect is part of a joint venture between the Company and Shandong No. 1 Bureau of Geology ("Shandong"). Under the terms of this joint venture, Shandong may earn a 60% interest in bauxite rights by expending 100% of the costs to define a geological resource and successfully complete a feasibility study.
Modelling of Stage 3 is proposed to commence soon after, as results from recent drilling are returned.
Pomona Prospect
Drilling has recently been completed on the first two stages of the Pomona prospect. The drilling programs intersected thicknesses of laterite in excess of 8m in several holes. Initial XRF results have been returned for more than 2,400m of drilling across 415 holes. The Company is currently awaiting available alumina and reactive silica results from laboratory analyses. Modelling is scheduled to commence in the December half of 2011.
Concordia Prospect
A large drill program across the Concordia prospect was undertaken in early 2011. More than 5,300m of drilling was completed and although bauxitic intersections tended to be relatively shallow, the extent of lateritisation is very broad. Approximately half of the initial XRF results have been received with the remainder expected over the coming months along with laboratory analysis results for available alumina and reactive silica. Resource modelling of the Concordia prospect is anticipated to be completed late in calendar year 2011.
For the complete Bauxite Resources Limited announcement including figures and resources tables, please refer to the following link:
http://www.abnnewswire.net/media/en/docs/546056.pdf
About Bauxite Resources Limited
Bauxite Resources Limited (ASX:BAU) was launched in May 2006 to establish itself in the bauxite and alumina industries in Western Australia. The Company successfully listed on the Australian Stock Exchange in October 2007 and is the only ASX-listed bauxite explorer in the highly prospective Darling Range.
The Darling Range in south-west Western Australia is one of the most important bauxite and alumina producing regions in the world. This area produces 23% of the world's alumina and the refineries located here are amongst the most cost-efficient due principally to the quality of the Darling Range bauxite.
Bauxite Resources entered into Joint Ventures with Yankuang Group in April 2011 providing significant investment opportunities for mining and alumina refining in Western Australia.
These progressive joint ventures, Bauxite Alumina Joint Ventures embrace the opportunity to develop a sustainable, long term business asset that provides opportunities for the Western Australian community.
Contact
Scott Donaldson
Chief Executive Officer
Bauxite Resources Limited
Tel: +61-8-9200-6300
Quelle absnewswire
Gruß
http://www.epa.wa.gov.au/EIA/Pages/default.aspx
http://www.epa.wa.gov.au/EIA/assessdev/Pages/PERprocess.aspx
http://www.epa.wa.gov.au/EIA/proponent-guides/...EIA/proponent-guides
http://www.epa.wa.gov.au/EIA/proponent-guides/...nt%20Guide%20(2).pdf
http://www.epa.wa.gov.au/EIA/...20&url=EIA/instructions-documents
http://www.epa.wa.gov.au/EIA/EPAREPORTS/Pages/...p;url=EIA/EPAREPORTS
Beispiel Polaris Iron Ore Projekt:
http://polarismetals.com.au/?id=305
by James McCullough
From:The Courier-Mail
July 02, 201112:00AM
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RULED OUT: How The Courier-Mail reported the story. Source: The Courier-Mail
THE Queensland Government has confirmed it will call an international tender for the development of the Aurukun bauxite resources in western Cape York, effectively snubbing the giant Chinese Aluminium Company (Chalco).
Treasurer and Minister for State Development and Trade Andrew Fraser last night confirmed reports in The Courier-Mail that Chalco would not be the preferred developer of the bauxite mine.
Chalco had believed it was the frontrunner to develop the leases but during her recent visit to China, Premier Anna Bligh shocked the Chinese by revealing she would seek other bidders for the development of what will be a $1 billion mine.
The Treasurer said the original tender in 2005 to 2006 was based on bidders committed to develop the bauxite resource as a bauxite mine as well as a new alumina refinery and that attracted bids from around the world.
Mr Fraser said some companies withdrew because they were unable to meet the development requirements of the new alumina refinery but Chalco, the world's second-largest aluminium company, signed a development agreement in March 2007.
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Following discussions between the Government and Chalco, both parties allowed that agreement to end on June 30, 2010.
"This was due to the Global Financial Crisis resulting in significant unfavourable market changes in the global aluminium industry and Chalco's feasibility study work indicating challenges in delivering the alumina refinery component," Mr Fraser said.
"In the past year, the Queensland Government has continued to have discussions with Chalco on an exclusive basis - including in relation to new development and value-adding investment options that could be considered as a substitute for the alumina refinery, and what form the alternative might take.
"However, the Queensland Government has now discontinued those discussions with Chalco."
The head of the Queensland Resources Council, Michael Roche, last night welcomed the move, saying it was a more competitive method of developing the resource.
"It is good news that the Government is moving to an open tender process," he said.
"We certainly were concerned at rumours of a special deal between the Government and one company, so the best outcome for the state is the open tender process where the state can maximise benefits from this important resource."
Mr Roche expected strong demand, given there were about 10 parties interested in the original tender.
"There are a lot of large companies with strong balance sheets operating in this space in Australia, such as Rusal, Alcoa and Rio," he said.
However, analysts thought there would be limited interest given the bauxite is low grade.
"There will only be a few bidders at the end of the day, maybe three at best I would think," one resources analyst said.
Mr Fraser said the Government expected the new tender process would commence by the end of this year and Chalco was again welcome to bid.
"The Government acknowledges Chalco's very substantial efforts over many years, including its work with the Government and the Aurukun community, and its work on its feasibility study into the combined mine and refinery project, and would expect and welcome a bid from Chalco for the new opportunity," he said.
Quelle curiermail.com
...
Alcoa veröffentlicht die Quartalszahlen heute nach US-Börsenschluss. Der Vorstandsvorsitzende von Alcoa, Klaus Kleinfeld, rechne für 2011 mit einer Ausdehnung der weltweiten Nachfrage nach Aluminium um zwölf Prozent. Zudem werde sich der globale Verbrauch des Rohstoffes bis zum Ende dieses Jahrzehnts voraussichtlich verdoppeln. Mit minus 4,2 Prozent musst die Aktie aus dem Dow-Jones dennoch den höchsten Tagesverlust hinnehmen. (Anmerkung: Sämtliche Indices sind unter Druck, Italien im Fokus ...)
...
http://www.finanzen.net/nachricht/aktien/...hster-Wert-im-Dow-1206770
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Bauxite Resources Limited (ASX:BAU)
Bauxite Resources Limited (ASX:BAU) Appoints Mr Zhan Qingwei as Alternate Director
Perth, July 15, 2011 (ABN Newswire) - Bauxite Resources Limited (ASX:BAU) wishes to advise the appointment of alternate director, Mr Zhan Qingwei (as alternate for Mr Yan Jitai).
Mr Zhan Qingwei is the General Manager of Yankuang Resources Pty Ltd, the Perth based company which holds the interests in the Bauxite Resource and Alumina Refinery Joint Ventures.
About Bauxite Resources Limited
Bauxite Resources Limited (ASX:BAU) was launched in May 2006 to establish itself in the bauxite and alumina industries in Western Australia. The Company successfully listed on the Australian Stock Exchange in October 2007 and is the only ASX-listed bauxite explorer in the highly prospective Darling Range.
The Darling Range in south-west Western Australia is one of the most important bauxite and alumina producing regions in the world. This area produces 23% of the world's alumina and the refineries located here are amongst the most cost-efficient due principally to the quality of the Darling Range bauxite.
Bauxite Resources entered into Joint Ventures with Yankuang Group in April 2011 providing significant investment opportunities for mining and alumina refining in Western Australia.
These progressive joint ventures, Bauxite Alumina Joint Ventures embrace the opportunity to develop a sustainable, long term business asset that provides opportunities for the Western Australian community.
Contact
Paul Fromson
Chief Financial Officer / Company Secretary
Bauxite Resources Limited
Tel: +61-8-9200-6300
Email: pfromson@bauxiteresources.com.au
http://www.bauxiteresources.com.au
Link: http://www.abnnewswire.net/media/en/docs/549127.pdf