Brisbane’s Metro Mining Ltd announced earlier today that it has consolidated its title and access agreements to its Bauxite Hills Mine project.
The new agreement represents the next step in the synthesis of Metro’s Bauxite Hills Project and the Skardon River Project of Gulf Alumina. The agreement is the result of a joint effort by Metro, representatives of the Ankamuthi, and trustee owner OMAC.
“The combined agreement simplifies implementation of the undertakings made by all parties and will streamline administration and ongoing monitoring,” said Metro’s CEO and Managing Director Simon Finnis.
“A Cultural Heritage Management Plan, provision of employment and training opportunities for traditional owners, business development and contracting opportunities for Ankamuthi businesses and payment of mining benefits to both the Ankamuthi People & OMAC are in place for the life of the Project,” he went on.
“Metro has committed to employment and training targets and has commenced that process. Metro is also working to identify business opportunities for the Ankamuthi and other local enterprises.
“This new agreement, again, shows how committed all parties are to working together for mutual benefit,” concluded Finnis.
Metro Mining acquired Gulf Alumina late last year, and the resulting combined operation is now among the largest independent operations in the Weipa bauxite region of Queensland’s Cape York Peninsula, doubling the firm’s reserve of direct shipping ore to a total of 96.5 million metric tons. In addition to vastly increasing Metro’s reserves, the purchase of Gulf Alumina also netted the firm additional infrastructure – Metro took title to Gulf’s airstrip, port, and haul roads in the area.
Metro Mining is based in Brisbane, and began life when it was spun off from Cape Alumina Ltd. upon its takeover by MetroCoal Ltd in 2014. The firm has exploration rights in over 500 square miles of western Cape York, which is second to only Rio Tinto Alcan. Its primary asset is its Bauxite Hills Project, which is expected to yield up to four million metric tons per annum.