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- ABx Group (ABX) enters agreement with Adbri (ABC) subsidiary, Adelaide Brighton Cement (ABCL), to supply cement-grade bauxite to ABCL’s Birkenhead cement manufacturing operation
- ABX will supply 90,000-120,000 tonnes of bauxite over a five-year term from its DL130 project in northern Tasmania
- ABx Managing Director and CEO Mark Cooksey states the agreement provides both companies with supply confidence and expands customer demand for its product
- ABx’s mine lease application for DL130 is progressing well as it plans to send its first shipment of Bauxite in the Q1 of 2024
- ABX shares are up 8.43 per cent, trading at 9 cents at 3:58 pm AEST
ABx Group (ABX) has entered into a five-year supply agreement with Adelaide Brighton Cement (ABCL), a subsidiary of Adbri (ABC), to provide cement-grade bauxite to ABCL’s Birkenhead cement manufacturing facility in South Australia.
The agreement entails the delivery of 90,000 to 120,000 tonnes of bauxite over a five-year period, with the potential for extension, from ABx’s DL130 project in northern Tasmania.
ABx Managing Director and CEO Mark Cooksey expressed confidence in the agreement, stating that it provided a reliable supply source for both companies and expanded demand for ABx’s product.
“This five-year agreement with ABCL for the supply of cement-grade bauxite from our DL130 bauxite project represents a significant milestone for ABx and endorses the suitability of our bauxite for the broader cement industry,” he said.
ABx’s mine lease application for DL130 is currently in progress and is expected to be prepared for its first bauxite shipment in the first quarter of 2024 at an agreed and profitable commercial sale price.
ABx shares were up 8.43 per cent, trading at 9 cents at 3:58 pm AEST.
