Gulf Alumina Limited

Metro Mining Reaches Title and Land Access Agreement with Bauxite Hills Mine’s Traditional Owners

Metro Mining Reaches Title and Land Access Agreement with Bauxite Hills Mine’s Traditional Owners

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...


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 that its shareholders accept Metro’s offer. The approval of Metro’s offer by Gulf’s board is the penultimate step in Metro’s bid to acquire the firm. Metro began the process of acquiring Gulf in December and […]

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 outstanding Gulf shares was superior to the proposal offered by Moly Mines Limited. Metro, which has a 39.3% stake in Gulf at present, says that the purchase of the remaining Gulf shares represents a “logical […]

Australian Official Urged to Reject Chinese Firm’s Offer to Buy Gulf Alumina

Australia’s Federal Treasurer Scott Morrison is being asked by local government representatives to reject a Chinese firm’s effort to acquire Gulf Alumina. “I have serious concerns about the integrity of the company. I also have serious concerns about their motives,” explained Parliament Member for Leichhardt Warren Entsch. Entsch is spearheading a movement to block Moly […]

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 […]