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Australian Bauxite Limited - Back to the future

This time last year, ABX was targeting to export its maiden shipment (40kt) of bauxite from the Bald Hill mine in Tasmania. Low cost exports from Malaysia however, flooded ABX’s target market (China, East Asia), depressing benchmark prices and negatively impacting regional supply/demand dynamics. In the face of severe market disruption to the metallurgical bauxite market, ABX suspended mining and processing operations in late 2015, and adopted a cash conservation strategy.
5/08/2016 8:31:39 AM

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