Bauxite Hills Mine

Despite Week Lost to Nora, Metro Mining Remains On Track for 2018 Production Target at Bauxite Hills

Despite Week Lost to Nora, Metro Mining Remains On Track for 2018 Production Target at Bauxite Hills

Australian metals miner Metro Mining Limited eased investors’ fears yesterday by announcing that the firm’s people and equipment successfully weathered tropical cyclone Nora. According to the company’s press release, the storm passed by operations at Bauxite Hills on Saturday morning. Though she...

Events

Metro Mining Awards Bauxite Hills Mining Contract to SAB

Metro Mining Limited announced last week that the firm chose SAB Mining to conduct operations at its soon-to-be-opened mine at Bauxite Hills. The award of the mining contract to SAB marks the last award of a major contract for the mine. Included in SAB’s duties under the contract are clearing and pre-stripping the mine area, […]

Metro Mining Raises A$38 MM to Complete Bauxite Hills Mine Funding

Brisbane’s Metro Mining Ltd announced earlier today a successful bookbuild that raised the firm A$38 million (US$30 million) in capital. According to Metro, the institutional placement was quite popular, gaining support with both existing investors and new parties from both within Australia and abroad. Greenstone Metro Holdings LP was part of the institutional placement and […]

Metro Mining Wins Final Environmental Approval for Operations at Bauxite Hills Mine

Brisbane’s Metro Mining Ltd announced yesterday that it has secured final environmental approval for operations at Bauxite Hills Mine. Metro told investors yesterday that it now has all necessary environmental approvals in hand, which is a feat the firm accomplished in the relatively short time period of two years. The firm also notes the steadfast […]

Metro Mining Negotiates A$40MM Debt Financing Deal to Fund Bauxite Hills Mine

Brisbane’s Metro Mining Ltd announced yesterday the completion of an A$40 million (US$30.17 million) debt-financing facility in order to fund the continuing development of its Bauxite Hills Mine. According to the firm, financiers of the deal are Sprott Private Resource Lending (who will act as the deal’s senior secured lender) and Ingatatus AG Pty Ltd, […]