BRL and Yankuang JV to start Alumina Refinery Project in Australia

Osborne Park （WA）, Australia – Bauxite Resources （BRL） and Yankuang Corporation have formed a joint venture company for a proposal to mine bauxite and construct and operate an alumina refinery in Western Australia. The proposed alumina refinery project would produce 1.1 million tonnes per year of alumina and refine 3.5 million tonnes per year of Darling Range bauxite.

Bauxite Resources has announced that it has executed a number of Detailed Agreements with Yankuang Corporation for the design and construction of a modern refinery in the South West of Western Australia to refine Darling Range bauxite into alumina. The agreement to proceed to construction of the refinery is subject to all necessary government and regulatory approvals and satisfactory finding under the Bankable Feasibility Study.

The proposed alumina refinery project would produce 1.1 million tonnes per year of alumina and refine 3.5 million tonnes per year of Darling Range bauxite.

Subject to all necessary approvals and the decision by the parties to proceed under the Bankable Feasibility Study Yankuang will pay 91 per cent of the refinery construction cost and receive 70 per cent of the alumina product. Bauxite Resources will fund 9 per cent of the refinery construction cost and receive 30 per cent of the alumina product and receive assistance from Yankuang to arrange financing. Yankuang will off-take half of Bauxite esources’ share of alumina production for ten years.