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  • Asian Metal visits AK, Spring Energy, Beibu Gulf and Golden Prosperous Resources

    2015-09-15 18:06:25   [Print]
    BEIJING (Asian Metal) 15 Sep 15 - On September 14, 2015, Mr.Asian Metal Copyright Gao from Asian Metal and Mr.Asian Metal Copyright Friday Gao, Base Metals Department Manager of Asian Metal visited Aras Kuasa Sdn.Asian Metal Copyright Yap Teck Sing, assistant to managing director of Spring Energy on Monday morning.Asian Metal Copyright Bhd.Asian Metal Copyright Mr.Asian Metal Copyright, Spring Energy Sdn Bhd, Guangxi Beibu Gulf Int'l Port Group Kuantan Office and Golden Prosperous Resources Sdn Bhd in Malaysia.

    In the morning, Mr. Gao firstly visited Aras Kuasa and shared ideas on the bauxite market with Mr.Asian Metal Copyright Their mine sites are around 50 kilo meters to Kuantan Port with freight at around USD7t.Asian Metal Copyright Teh Teck Tee, managing director of the company.Asian Metal Copyright Meanwhile, he pointed out that Malaysian bauxite costs rose by USD3-4t because of higher taxes, transportaion cost and license fee.Asian Metal Copyright According to Mr.Asian Metal Copyright Mr.Asian Metal Copyright Teh Teck Tee, the supply unwashed high grade Malaysian bauxite Al 40%min Si 5%max has been shrinking, as the bauxite exploration in Kuantan goes too fast.Asian Metal Copyright Yap Teck Sing, assistant to managing director of Spring Energy on Monday morning.Asian Metal Copyright If Indonesia resumes bauxite export, Malaysian suppliers need to provide with washed high grade bauxite Al 45%min Si 5%max, but it is not easy.Asian Metal Copyright According to Mr.Asian Metal Copyright There are now around 3-4 suppliers providing washed high grade bauxite at the moment. Meanwhile, he pointed out that Malaysian bauxite costs rose by USD3-4/t because of higher taxes, transportaion cost and license fee.


    Mr. Gao from Asian Metal and Mr. Teh Teck Tee from AK

    Mr. Gao also visited Mr.Asian Metal Copyright If Indonesia resumes bauxite export, Malaysian suppliers need to provide with washed high grade bauxite Al 45%min Si 5%max, but it is not easy.Asian Metal Copyright Yap Teck Sing, assistant to managing director of Spring Energy on Monday morning.Asian Metal Copyright Yap Teck Sing, assistant to managing director of Spring Energy on Monday morning.Asian Metal Copyright Mr.Asian Metal Copyright According to Mr.Asian Metal Copyright Yap said that they have already exported around 1.Asian Metal Copyright According to Mr.Asian Metal Copyright2 million tonnes of bauxite since early this year. Their mine sites are around 40 kilo meters away from the Kuantan Port with freight cost at around RM15/t.Asian Metal Copyright There are now around 3-4 suppliers providing washed high grade bauxite at the moment.Asian Metal Copyright He agreed that bauxite grade in Malaysia is decreasing. They supply around 100,000tpm of washed bauxite Al 46-47% Si 5%max with price firm at USD47-48/t FOB Malaysia.Asian Metal Copyright They supply around 100,000tpm of washed bauxite Al 46-47% Si 5%max with price firm at USD47-48t FOB Malaysia.Asian Metal Copyright Spring Energy develops bauxite complying with the relevant environmental protection policy strictly.


    Bauxite site of Spring Energy

    In the afternoon, Mr. Gao visited Beibu Gulf and Golden Prosperous Resources.Asian Metal Copyright Gao from Asian Metal and Mr.Asian Metal Copyright Mr.Asian Metal Copyright Yap said that they have already exported around 1.Asian Metal Copyright Joe Lim, representative of Beibu Gulf Kuantan Office disclosed that they have 40% investment in Kuantan Port, covering oil, iron ore and bauxite.Asian Metal Copyright2 million tonnes of bauxite since early this year.Asian Metal Copyright Port expansion is under progress.Asian Metal Copyright Gao visited Beibu Gulf and Golden Prosperous Resources.Asian Metal Copyright Until 2017, Kuantan Port will be able to handle ships of up to 200,000 deadweight tonnes.


    Mr. Gao from Asian Metal and Mr. Joe Lim from Beibu Gulf

    Mr. Toh Hoi Thong, general manager of Golden Prosperous Resources pointed out that they supply around 400,000t of bauxite on average each month. Their mine sites are around 50 kilo meters to Kuantan Port with freight at around USD7/t.Asian Metal Copyright2 million tonnes of bauxite since early this year.Asian Metal Copyright According to Mr.Asian Metal Copyright Mr.Asian Metal Copyright Toh, Malaysian bauxite prices lack momentum to climb up, as there are not so many consumers and the major consumers control the price.


    Mr. Toh Hoi Thong of Golden Prosperous Resources and Mr. Gao from Asian Metal

    .Asian Metal Copyright2 million tonnes of bauxite since early this yearAsian Metal Copyright
    Bauxite Australian Monohydrate 52%min CIF China
    Unit:USD/dt
    China bauxite producers' inventory statistics by province by month
    Unit: mt
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