Metro Mining Acquires Gulf Alumina, Announces Plans to Merge Bauxite Hills and Skardon River Projects
Australia’s Metro Mining Ltd announced yesterday that it had acquired Gulf Alumina Ltd’s remaining shares, and that it would begin...
Bauxite Hills Project
Metro Mining Lauches Drive to Raise A$52.4 MM for Bauxite Hills Mine
Australia’s Metro Mining Limited announced earlier today that it has initiated a drive to raise A$52.4 million (US$40.2 million) in equity to continue operations at the Bauxite Hills Mine project on the northern tip of the Cape York Peninsula. Metro says that...
Gulf Alumina’s Board Recommends Metro Mining’s Takeover Offer
Brisbane’s Metro Mining Limited is in line to become the new owners of Gulf Alumina after Gulf’s board unanimously recommended...
Gulf Alumina Confirms Metro Mining’s Buyout Offer is Superior
Brisbane’s Metro Mining Ltd. said on Wednesday that the board of Gulf Alumina Limited confirmed its offer to buy all...
Events
Metro Mining Inks Bauxite Contract with Xinfa Group
Brisbane’s Metro Mining Ltd announced yesterday that it has papered an agreement with the People’s Republic of China’s Xinfa Group. According to Metro, the agreement is for four years and obliges the firm to provide one million metric tons in the contract’s first year, then two million metric tons per annum for the remaining three […]
Metro Mining Inks Deal to Substantially Increase Stake in Gulf Alumina
Australia’s Metro Mining Limited announced yesterday that it has signed agreements to increase its stake in Gulf Alumina Limited to roughly 39% of the latter’s issued capital. Metro Mining says that the agreement means acquiring the shares held by four long-term Gulf shareholders. The acquisition cost Metro Mining A$8.5 million, which was funded by an […]
Metro Mining Ltd Shareholders Approve Bauxite Hills Financing
Australia’s Metro Mining Limited announced on Tuesday that it has obtained shareholder approval to issue shares to Greenstone Metro Holdings LP. The move is part of Metro’s strategic funding arrangement, allowing it to go forward on its Bauxite Hills project in Queensland. The US$6.7 million in shares issued to Greenstone makes the firm Metro’s largest […]
Metro Mining Inks Strategic Financing Agreement with Greenstone
Brisbane’s Metro Mining Limited announced yesterday that it has signed an agreement with Greenstone Resources II Ltd that grants Greenstone a 19.98% interest in Metro in addition to providing Metro with assistance in developing its Bauxite Hills Project. The agreement has Greenstone investing an initial US$6.76 million by way of a placement of 105 million […]
The Net-Zero Shift Starts With Low Carbon Aluminium
2020 was supposed to be “year of climate action”, with the Glasgow COP26 acting as a major milestone for both businesses and policymakers to accelerate decarbonization efforts. However, with COVID-19 disrupting lives and economies in an unprecedented manner, countries across the globe ...
Aluminium at the LME Week – Key Takeaways
Between October 28 and November 1st, London hosted the traditional London Metals Exchange (LME) Week gathering of analysts, brokers, traders ...
Aluminium Market Oversupplied, Demand Growth Flat
Base metals prices reacted positively to the progress registered in the latest round of US – China trade talks in ...
Aluminium of Greece (AOG): is the Pechiney spirit still alive?
Between September 24-25, FastmarketsMB organized its annual aluminium conference in Athens. A day before the conference, in accordance with an ...
