chat with bau personnel.

Hey all,
Had conversation with person of Bau.
Main Points:
Recent trip to China happened in March.
Successful trip. Interested parties. Visited 6 alumina refineries. Current situation in China : Alumina and aluminium produced not being bought. Lack of demand , stockpiles rising. Visit to one refinery saw 500 000 tonnes of bauxite lying on the ground waiting to be refined as demand is low.
Bauxite price has dropped dramatically to US $20/ tonne in short term. Only short term though.
Members of shandang province to visit BRL next week to discuss offtake agreement. Govt agency to buy bauxite and then distribute to shadang province refineries. Terms hopefully to be negotiated.
Current mining trial run of bauxite not sufficient grade to be sent to china as requires bauxite 48% grade. Shipment will be sent to Taiwan instead. Other tenement areas bauxite will be used to be sent to China which has acceptable grading.
Granting of tenements : 1 tenement has been approved and the rest will be still in pipeline but as required can be fast tracked. BRL has good relationship with WA Govt bodies.
Asked opinion of amount of bauxite in tenements: Response was previous exploration by CSR /pacminex in a 2000 sq km area in north darling ranges held a couple of hundred million tonnes of bauxite . BRL has 6 times that size so could be anywhere between 400mil and 1 bill tonnes.

Anyway thats the extent of the conversation. Some bad news in there but mostly short term bad news due to current climate . Long term very positive.
Cheers for now, soulbrother.