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BAUXITE RESOURCES PTY LTD
BAUXITE RESOURCES LIMITED
UPDATE ON DISPUTE WITH YANKUANG RESOURCES
Bauxite Resources Limited (ASX: BAU) advised the market on 19 May 2015 that the Company had issued a dispute notice to Yankuang Resources Pty Limited ("YRPL") pursuant to the terms of the Joint Venture Resource Agreement (JRVA) and the Alumina Refinery Joint Venture Agreement (ARJVA) pursuant to which the parties' CEOs were required to meet in good faith and endeavor to resolve the dispute by negotiation.
Between 9 June and 18 June 2015, YRPL and Bauxite Resources representatives endeavoured to resolve the dispute by negotiation, however no resolution was achieved.
Under the terms of both joint venture agreements, BRL has now issued a further Dispute Notice which requires the dispute to be referred to a Perth based barrister to mediate the matters in dispute.
For further company details please visit www.bauxiteresources.com.au or contact:
Bauxite Resources Ltd Media Enquiries Peter Canterbury, CEO Tony Dawe, PPR Tel: +61 08 9200 8200 +61 8 9388 0944
+61 405 989 743
DATE: 19 June 2015
ASX Code: BAU
BAUXITE RESOURCES LTD ABN: 72 119 699 982
DIRECTORS: Robert Nash
Non Executive Chairman
Peter Canterbury
CEO & Executive Director
Luke Atkins
Non Executive Director
Cunliang Lai
Non Executive Director
Neil Lithgow
Non Executive Director
Zhaozhong Wang
Non Executive Director
COMPANY SECRETARY: Sam Middlemas Company Secretary
Head Office:
Level 2, Building E Garden Office Park
355 Scarborough Beach Rd
Osborne Park WA 6017
Mail:
PO Box 1315
Osborne Park WA 6916
T: +61 8 9200 8200
F: +61 9 9200 8299
E: [email protected]
W: www.bauxiteresources.com.au
Share Registry:
Security Transfer Registrars
PO Box 535
Applecross WA 6953
T: +61 8 9315 2333
F: +61 8 9315 2233
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Bauxite Resources Ltd.
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CODE : BAU.AX |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Bauxite Resources is a development stage company based in Australia. Bauxite Resources holds various exploration projects in Australia. Its main exploration properties are MUCHEA BAUXITE, KIMBERLEY BAUXITE and DARLING RANGE BAUXITE in Australia. Bauxite Resources is listed in Australia. Its market capitalisation is AU$ 8.6 millions as of today (US$ 5.8 millions, € 5.3 millions). Its stock quote reached its highest recent level on October 29, 2010 at AU$ 0.39, and its lowest recent point on October 11, 2019 at AU$ 0.04. Bauxite Resources has 214 420 000 shares outstanding. |