Metro Mining Limited

Metro Mining Inks Bauxite Offtake Agreement with Chinese Power Company SPIC

Metro Mining Inks Bauxite Offtake Agreement with Chinese Power Company SPIC

Australian metals miner Metro Mining Limited made its investors aware of the execution of a non-binding Memorandum of Understanding (MoU) involving the supply of bauxite ore to the People’s Republic of China’s state-owned State Power Investment Corporation (SPIC) Aluminium and Electric Power...

Events

Metro Mining Raises A$38 MM to Complete Bauxite Hills Mine Funding

Brisbane’s Metro Mining Ltd announced earlier today a successful bookbuild that raised the firm A$38 million (US$30 million) in capital. According to Metro, the institutional placement was quite popular, gaining support with both existing investors and new parties from both within Australia and abroad. Greenstone Metro Holdings LP was part of the institutional placement and […]

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, […]