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...
Gulf Alumina Limited
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...
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...
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...
Events
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 the process of combining Gulf’s Skardon River Project with its own Bauxite Hills project. Metro’s press release said that the firm has begun work on a bankable feasibility study to determine the advantages and disadvantages […]
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 […]
Biden Infrastructure Bill A Big Boon To Aluminium Industry: Norsk Hydro VP Mike Stier
Earlier this month the United States Congress passed into law President Joe Biden’s US$1.2 trillion infrastructure package. The Investing in a New Vision for the Environment and Surface Transportation in America Act (or the INVEST in America Act) will allocate US$550 billion ...
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 ...
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 ...
