Bauxite Resources Limited - Yankuang Cash Call Update
08.07.2013 | ABN Newswire
09:39 AEST July 8, 2013 ABN Newswire (C) 2004-2013 Asia Business News PL. All Rights Reserved.Perth, Australia (ABN Newswire) - Further to the announcement dated 28 June 2013 regarding Yankuang Resources Pty Ltd ('Yankuang') outstanding cash calls payable to the Bauxite Alumina Joint Venture ('BAJV'), Bauxite Resources Limited (ASX:BAU) wishes to inform the market that on 5th July BRL received a payment from Yankuang settling all outstanding amounts owing to BRL. In addition BAJV have received a partial payment of the outstanding cash calls from Yankuang.
Yankuang have also advised BAJV that the remainder of the outstanding amounts will be paid in the coming days.
BRL wishes to express its sincere thanks to Yankuang for its diligence in rectifying the outstanding amounts.
To view the original English release, please visit:
http://media.abnnewswire.net/media/en/docs/ASX-BAU-641125.pdf
About Bauxite Resources Limited:
Bauxite Resources Limited (ASX:BAU) was established in May 2006 to become a part of the bauxite and alumina industries in Western Australia where four of the seven Australian alumina refineries and four of Australia’s bauxite mines are located. The Company listed on the Australian Securities Exchange (ASX) in October 2007.
Bauxite Resources is the largest tenement holder in the Darling Range with approximately 22,500 km2 of ground. This area in south-west Western Australia is acknowledged as the largest producing alumina region in the world supplying approximately 23% of global production.
Contact:
Bauxite Resources Ltd.
Peter Canterbury, CEO
Tel: +61-8-9200-8200