Proactive Investors - Run By Investors For Investors

Australian Bauxite confident on Tasmanian project financing

Australian Bauxite confident on Tasmanian project financing

Australian Bauxite (ASX:ABX) has reported it is in negotiations for financing of its Bald Hill bauxite project in Tasmania.

The project has received a Tasmanian Mining Lease for the mine.

Ngotiations are understood to be well advanced and that the funding is now focussed on clarifications of key terms of a number of agreements on offer from a number of parties.

The Company said it is confident that suitable funding arrangements will be finalised in step with the completion of the DPEMP review and commencement of mining.

The Development Proposal and Environmental Management Plan was lodged with the Environmental Protection Agency and the North Midlands Council.

It has been advertised and placed on public display for 28 days. Once this process is concluded, a Development Approval can be granted and operations can commence.

The Company said it expects mining to commence on schedule in late 2014, using Tasmanian contract operators with proven track records in mining, screening, rehabilitation and logistics.

 


Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

 

View full ABX profile View Profile

Australian Bauxite Ltd Timeline

Newswire
December 10 2013

Related Articles

Lithium brine evaporation ponds at Rincon project
April 09 2019
The company’s lithium hydroxide exceeded battery-grade standard in lab tests and may provide a complementary production strategy.
Massive sulphides at TopTung’s new Alotta Nickel-Sulphide Project in Quebec, Canada
November 01 2018
The company’s shareholders have approved an acquisition as it advances a new corporate strategy.
Lithium cube
December 08 2018
The resource exploration and development company looks to supply the rapidly growing lithium-ion battery industry for both mobile devices and laptops, as well as the burgeoning electronic-vehicle industry

© Proactive Investors 2019

Proactive Investors Australia PTY LTD ACN:132787654 ABN:19132787654.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use