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Australian Bauxite (ASX:ABX) has discovered a layer of refractory-grade bauxite in Penrose state pine forest, 90 kilometres from Port Kembla in New South Wales.
TasRail's unexpected $5.8 million operating loss will be met with greater efficiency to ensure major works are not deferred, the CEO says.
The company operates its Bald Hill bauxite mine at Campbell Town in northern Tasmania where it commenced operations in December 2014.
Australian Bauxite (ASX:ABX) is focussed on development and early mining of its Tasmanian bauxite project, Bald Hill.
Australian bauxite aspirants are struggling for traction despite Chinese imports of the aluminium ingredient rising 45 per cent in 2015.