re: Ann: Hillgrove Options Indonesian Bauxite... This could prove to be quite an astute investment. Its early days but certainly looks interesting from a available alumina and impurity perspective.
China is a very large producer of Aluminium and I think is alsost self sufficient. Most produced from its own alumina refined from chinese bauxite. The problem is that much of the Chinese bauxite is the diaspore type which requires very high energy input to recover the alumina. Much higher than gibbsitic bauxite. The bottom line is as energy prices increase, to be competitive in the global market the governmemt subsidises the cost. Long term this wont be sustainable and China will have to find other sources of gibbsitic bauxite. Its already started with its Arunkin project in Qld.
The timing is fantastic. Most Alumina producers are hurting badly. Prices have not really recovered from the GFC. No doubt HGO have picked this up at a bargain price.
Nice work DA & Co
AB
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