DRY bulk miner and exporter Australian Bauxite Ltd says it is investigating transhipment options to allow the loading of capesize ships within waters controlled by the Port of Bundaberg,
In a statement published as part of its annual results, Australian Bauxite revealed some of its plans.
“Investigations with the Port of Bundaberg over the past year have identified a transhipment (ie barging) strategy that could allow the Binjour Project to load capesize ships within the port limits to carry approximately 150,000 tonnes at the lowest cost per tonne to China or India,” the company stated.
“Recent Queensland government policy about transhipment has been favourable for transhipment at Bundaberg Port because it is located south of the Great Barrier Reef Marine Park.”
The Binjour Project lies about 115km south west of Bundaberg.
Australian Bauxite has also talked up export opportunities in Tasmania from the Binjour Bauxite Project.
“This opportunity will be investigated over the coming year as the Binjour feasibility study is finalised and negotiations are completed for off-take agreements for the supply of more than one million tonnes of bauxite per year,” the company stated.