THE BOURSE WHISPERER: Australian Bauxite (ASX: ABX) has received development approval from Northern Midlands Council for mining to commence at the company’s Bald Hill bauxite mine in northern Tasmania.
The company wasted no time in immediately securing the site, with an emphasis on public safety.
Construction is too soon commence on ore haulage roads and fences within the Mining Lease.
Australian Bauxite has reached an agreement with the Council that it will conduct remedial work on Macquarie Road and West Street, Campbell Town prior to commencing cartage.
The company indicated the work will be coordinated with the Council and will commence as soon as possible on the areas requiring remediation, which were identified by a deflectograph test recently conducted on behalf of ABX.
Locations of ABX projects and Infrastructure in Tasmania. Source: Company announcement
“The final approval by Northern Midlands Council paves the way for Australian Bauxite to commence mining operations on schedule – a credit to all concerned,” Australian Bauxite chief operating officer Leon Hawker said in the company’s announcement to the Australian Securities Exchange.
“Our expectation is that 45 direct jobs will be created at the mine, in transport, at Bell Bay Port and in administration as a consequence of the Bald Hill mine.
“A multiple number of additional indirect jobs will arise as operations expand.
“This is the first new bauxite mine in Australia for over 35 years and will introduce a new bauxite supply into the seaborne bauxite market when the market is strong.
“We look forward to continuing and further developing the relationships that have been built in Tasmania.
“ABX can only operate with a strong social licence and however modest our contribution to local jobs, industry and the economy may be, we will make every effort to meet the expectations of our diverse stakeholders.”