Bauxite Resources, Yankuang to Build Australia Refinery

25 January 2011 (Last Updated January 25th, 2011 18:30)

Bauxite Resources (BRL) has signed a joint venture resource agreement with Yankuang Corporation for the design and construction of a refinery in Western Australia. The facility will refine Darling Range bauxite into alumina, according to the company. Yankuang wi

Bauxite Resources (BRL) has signed a joint venture resource agreement with Yankuang Corporation for the design and construction of a refinery in Western Australia.

The facility will refine Darling Range bauxite into alumina, according to the company.

Yankuang will fund 91% of the refinery’s construction costs in return for 70% of the alumina product.

The proposed refinery will produce 1.1 million tons per annum of alumina and refine 3.5Mtpa of Darling Range bauxite.

BRL will bear the remaining construction cost and receive 30% of the alumina product.