Responsibilities include leading the development and implementation of the company's strategic plan, and optimisation of its resource base to produce and sell sintered bauxite, refractory and ceramic proppant products. A key function will be securing project financing for the development and construction of the high quality bauxite resource.
First Bauxite is undertaking a major review of its project strategy for the Bonasika Project, which will cover the potential production of mullite and sintered bauxite for the refractory market, a range of ceramic proppant products for the fracking market and chemical grade raw bauxite. As well as this, a potential increase in project capacity is being assessed and the company is evaluating a more cost effective energy source.
Rare Earth Minerals CEO Kiran Morzaria has been appointed as a non-executive director of Bacanora with immediate effect. Rare Earth Minerals holds an 11.9% share in Bacanora.
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