Australian Bauxite gets public nod for Bald Hill

THE BOURSE WHISPERER: Australian Bauxite (ASX: ABX) has concluded a 28 day public disclosure period for its Bald Hill Development Proposal and Environmental Management Plan (DPEMP) in Tasmania.

During this period, members of the public were able to review the DPEMP and one formal response was received, which ABX was pleased to point out was in fact, an expression of support for the project to proceed without delay.

The company said the final stages of project approval from the EPA and North Midlands Council can now continue on schedule.

If everything goes to plan, ABX anticipates the Bald Hill bauxite project should commence on schedule in December 2014.

“This is another positive outcome for shareholders, our partner Noble Group, current and future employees, the Campbell Town district and Tasmania in general,” Australian Bauxite CEO Ian Levy said in the company’s announcement to the Australian Securities Exchange.

“In the last few weeks, ABX has had its Mining Lease granted, concluded a funding and marketing agreement with Noble Group and we are very grateful for this latest support for the project from the public.”

ABX also announced that during October a total of 16 pre-qualified Tasmanian contractors participated in a tender and selection process for the Bald Hill bauxite project.

After an exhaustive selection process, three contractors have been selected, subject to satisfactory documentation and Board approvals thereof.

For Mining and Processing – Stornoway Group; Land transport pit to port – TasRail; and Port Services – QUBE Ports.

Email: corporate@australianbauxite.com.au

Website: www.australianbauxite.com.au