Ord consolidates bauxite deposits in Laos

28 January 2007 | 06:43 Code : 12575 Geoscience events
Initial exploration by the company shows the plateau has the potential to be as....

  Ord River Resources has consolidated its position on the Bolaven Plateau in Laos, which potentially contains one of the world’s largest undeveloped bauxite deposits.

Initial exploration by the company shows the plateau has the potential to be as large as Western Australia’s Darling Ranges deposits, which produce 14 percent of the world’s alumina.Ord already has an interest in 138sqkm of the Bolaven Plateau and has now acquired an interest in a further 580sqkm through its partner, China Non-ferrous Metals International Mining Co. Ltd (CNMIM), a Chinese government entity that represents the country’s international non-ferrous metals resource development.Ord Executive Chairman, John Towner said: “We now have interests in 718sqkm of the Bolaven Plateau, with negotiations under way to acquire further tenements.” “We are commencing a drilling program in our existing tenement and a sampling program in the new area this quarter.“We are very encouraged with the progress being made to develop a world class aluminium project,” Mr Towner said.The development in Laos is a result of Ord’s strengthening relationship with CNMIM, with both tenement interests having been acquired through a joint venture.The joint venture has 70 percent of the existing 138sqkm tenement and up to 85 percent of the new area.“Beyond technical support, CNMIM brings access to the enormous Chinese metals market. We have a ready market for product off-take, one of the essential building blocks for a potential mine development,” said Mr Towner.The Bolaven Plateau has the potential to support a fully integrated aluminium industry, including bauxite mining, an alumina refinery and an aluminium smelter.

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