Bauxite Hills Project

Construction at Metro Mining’s Bauxite Hills Mine Continues On Schedule and Under Budget

Construction at Metro Mining’s Bauxite Hills Mine Continues On Schedule and Under Budget

Metro Mining Limited updated its shareholders on the firm’s progress at Bauxite Hills mine yesterday, declaring that the project remains true to the original scale and continues to operate under the planned budget. Metro indicates that the construction of marine infrastructure at...

Events

Metro Mining Inks Bauxite Offtake LOI with China’s Lubei

Brisbane’s Metro Mining Ltd announced yesterday the execution of a non-binding letter of intent (LOI) to deliver between 500 thousand to one million metric tons per year to the People’s Republic of China’s Shandong Aluminium Company Limited (Lubei) for at least three years. The LOI contemplates Metro Mining commencing the delivery in April of next […]

Metro Mining Raises $36.5 MM for Bauxite Hills via Rights Issue

Brisbane’s Metro Mining Ltd. raised $36.5 million for its Bauxite Hill mine in a recently-completed rights issue. According to domestic financial media, the firm’s 1:2 non-renounceable rights issue was priced at $0.125. Metro received applications for roughly 60% of the 292.3 million shares to be issued for the rights issue. Metro’s underwriter claimed the remaining […]

Feasibility Study of Metro’s Bauxite Hills Anticipates Strong Financial Returns

Brisbane’s Metro Mining Limited released the results of the Bankable Feasibility Study (BFS) of its newly-expanded Bauxite Hills Mine project. According to the independent report, Metro can expect to generate an EBITDA of A$2.5 billion (US$1.9 billion) over the mine’s seventeen-year life. Among the takeaways from the BFS conducted by MEC Mining include the estimate […]

Metro Mining’s Bauxite Reserves on Cape York Now Total 144.8 MMT

Brisbane’s Metro Mining Ltd released an overview of their expanded Bauxite Hills Mine project on Monday. The document is the first public disclosure of the project’s bauxite resources since finalizing the purchase of Gulf Alumina’s interests in the area in January. According to the report, Metro Mining’s bauxite reserves at Bauxite Hills includes 144.8 million […]