Bauxite Hills Project

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 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, […]

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 […]