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Bauxite Resources Ltd (BAU.AX)

BAU.AX on Australia Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Bauxite Resources says SASAC approval received for sale of Yankuang interest in JV
Wednesday, 9 Dec 2015 10:02pm EST 

Bauxite Resources Ltd:Sasac approval received for sale of yankuang interest in jv.Says "the transaction is now only conditional on brl shareholder approval".Joint ventures with yankuang will be terminated".Yankuang will pay brl the sum of A$7.15 million for its interests in the assets of the joint ventures".Says brl will transfer to yankuang all its interest in the tenements that relate to the joint ventures.Brl will buy back yankuang's 19,700,000 shares in brl for the sum of $1.15 million.  Full Article

Bauxite Resources appoints Sam Middlemas as a CEO
Wednesday, 21 Oct 2015 07:04pm EDT 

Bauxite Resources:Appointed Sam Middlemas as a chief executive office.Current chief executive officer and executive director peter canterbury has resigned his position.  Full Article

Bauxite Resources updates on mou with Yankuang
Wednesday, 21 Oct 2015 07:04pm EDT 

Bauxite Resources:Existing joint ventures between the parties terminated.Brl sell interests in joint ventures and 100% owned fortuna Bauxite rights to yankuang for cash consideration and royalty right.Yankuang will pay brl the sum of A$7.15 million for its interests in the assets of the joint venturesupdates on mou with Yankuang.  Full Article

Bauxite Resources Ltd issues dispute notice to Yankuang Resources Pty Ltd
Monday, 18 May 2015 08:00pm EDT 

Bauxite Resources Ltd:Says that it has issued dispute notice to Yankuang Resources Pty Ltd (YRPL) pursuant to terms of joint venture resource agreement (JRVA) and Alumina Refinery joint venture agreement (ARJVA).Disputes relate to: differing views as to how to interpret terms of JRVA and ARJVA given that parties cannot agree on Annual Program and annual budget for 2015/16, specifically what Annual Program Manager is required to adopt as governing the activities.And expenditure of joint ventures until such time as dispute between parties can be resolved.And; interpretation of obligations of parties under the ARJVA to approve an annual program and budget which is designed to see a full refinery bfs completed by contractual completion date.  Full Article

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