ABx Group Seeks to Monetize Australian Bauxite Deposits as Prices Rise; Shares Jump 14%

MT Newswires Live

Mar 06, 2025

ABx Group (ASX:ABX) is pursuing the monetization of its Binjour bauxite project in Queensland and the Taralga bauxite project in New South Wales as the prices of the mineral rise, according to a Thursday Australian bourse filing.

This includes updating mine studies to prioritize an earlier start to production.

The company also plans to start bauxite mining at the DL130 bauxite project in Tasmania, per the filing. The assessment of the mine lease application by Meander Valley Council, the Environment Protection Authority, and Mineral Resources Tasmania is ongoing.

It is in discussions with numerous parties regarding offtake, direct investment, and potentially purchasing one of the assets.

Bauxite prices rose globally due to severe supply disruptions from Guinea and reduced production in China, with the price of bauxite delivered from Guinea to China rising by 60% in the last four months, the filing noted.

The firm's shares rose almost 14% in recent trading on Thursday.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers | Global Stocks, Options & Futures Trading App","description":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","keywords":"tiger brokers,tiger trade,tiger brokers singapore,broker online,stock trading in singapore,share trading singapore,brokerage firm singapore,trading app,stock broker singapore,stock trading platforms,trading account","social":{"ogDescription":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/news/2517701089"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2517701089\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/2517701089?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2025-03-06 10:07","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2517701089","market":"sh","top_or_hot":-1,"title":"ABx Group Seeks to Monetize Australian Bauxite Deposits as Prices Rise; Shares Jump 14%","media":"MT Newswires Live","content":"<html><body><p> ABx Group (ASX:ABX) is pursuing the monetization of its Binjour bauxite project in Queensland and the Taralga bauxite project in New South Wales as the prices of the mineral rise, according to a Thursday Australian bourse filing.</p><p>This includes updating mine studies to prioritize an earlier start to production.</p><p>The company also plans to start bauxite mining at the DL130 bauxite project in Tasmania, per the filing. The assessment of the mine lease application by Meander Valley Council, the Environment Protection Authority, and Mineral Resources Tasmania is ongoing.</p><p>It is in discussions with numerous parties regarding offtake, direct investment, and potentially purchasing one of the assets.</p><p>Bauxite prices rose globally due to severe supply disruptions from Guinea and reduced production in China, with the price of bauxite delivered from Guinea to China rising by 60% in the last four months, the filing noted.</p><p>The firm's shares rose almost 14% in recent trading on Thursday.</p></body></html>","source":"mtnewswires_news","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>ABx Group Seeks to Monetize Australian Bauxite Deposits as Prices Rise; Shares Jump 14%</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nABx Group Seeks to Monetize Australian Bauxite Deposits as Prices Rise; Shares Jump 14%\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1092851196\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">MT Newswires Live </p>\n<p class=\"h-time\">2025-03-06 10:07</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><p> ABx Group (ASX:ABX) is pursuing the monetization of its Binjour bauxite project in Queensland and the Taralga bauxite project in New South Wales as the prices of the mineral rise, according to a Thursday Australian bourse filing.</p><p>This includes updating mine studies to prioritize an earlier start to production.</p><p>The company also plans to start bauxite mining at the DL130 bauxite project in Tasmania, per the filing. The assessment of the mine lease application by Meander Valley Council, the Environment Protection Authority, and Mineral Resources Tasmania is ongoing.</p><p>It is in discussions with numerous parties regarding offtake, direct investment, and potentially purchasing one of the assets.</p><p>Bauxite prices rose globally due to severe supply disruptions from Guinea and reduced production in China, with the price of bauxite delivered from Guinea to China rising by 60% in the last four months, the filing noted.</p><p>The firm's shares rose almost 14% in recent trading on Thursday.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK7081","symbol_name":"铝","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2517701089","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2517701089","pubTimestamp":1741226838,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. Better news, better service, better price.","home_visible":1,"id":"1092851196","head_image":"https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e"},"summary":"ABx Group  is pursuing the monetization of its Binjour bauxite project in Queensland and the Taralga bauxite project in New South Wales as the prices of the mineral rise, according to a Thursday Australian bourse filing.This includes updating mine studies to prioritize an earlier start to production.The company also plans to start bauxite mining at the DL130 bauxite project in Tasmania, per the filing. The assessment of the mine lease application by Meander Valley Council, the Environment Protection Authority, and Mineral Resources Tasmania is ongoing.It is in discussions with numerous parties regarding offtake, direct investment, and potentially purchasing one of the assets.Bauxite prices rose globally due to severe supply disruptions from Guinea and reduced production in China, with the price of bauxite delivered from Guinea to China rising by 60% in the last four months, the filing noted.The firm's shares rose almost 14% in recent trading on Thursday.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK7081":"铝","XKO.AU":"标普/澳交所 300指数","XJO.AU":"标普/澳交所 200指数","ABX.AU":"ABx Group Ltd","XAO.AU":"标普/澳交所 普通股指数"},"translate_title":"随着价格上涨，ABx集团寻求将澳大利亚铝土矿矿藏货币化；股价上涨14%","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"XKO.AU":1,"ABX.AU":0.9,"XJO.AU":1,"XAO.AU":1},"content_text":"ABx Group (ASX:ABX) is pursuing the monetization of its Binjour bauxite project in Queensland and the Taralga bauxite project in New South Wales as the prices of the mineral rise, according to a Thursday Australian bourse filing.This includes updating mine studies to prioritize an earlier start to production.The company also plans to start bauxite mining at the DL130 bauxite project in Tasmania, per the filing. The assessment of the mine lease application by Meander Valley Council, the Environment Protection Authority, and Mineral Resources Tasmania is ongoing.It is in discussions with numerous parties regarding offtake, direct investment, and potentially purchasing one of the assets.Bauxite prices rose globally due to severe supply disruptions from Guinea and reduced production in China, with the price of bauxite delivered from Guinea to China rising by 60% in the last four months, the filing noted.The firm's shares rose almost 14% in recent trading on Thursday.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"2","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}