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....
Brisbane’s Metro Mining Limited updated its investors on the progress of construction at Bauxite Hills Mine yesterday, detailing the first steps in the projected 17-year life of the Cape York operation. The firm’s civil works contractor SAB Mining is on site at...
Brisbane’s Metro Mining Ltd announced earlier today a successful bookbuild that raised the firm A$38 million (US$30 million) in capital....
Brisbane’s Metro Mining Ltd announced yesterday that it has secured final environmental approval for operations at Bauxite Hills Mine. Metro...
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...
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 […]
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 of Gulf Alumina. The agreement is the result of a joint effort by […]
Brisbane’s Metro Mining Ltd. raised $36.5 million for its Bauxite Hill mine in a recently-completed rights issue. According to domestic financial media, the firm’s 1:2 non-renounceable rights issue was priced at $0.125. Metro received applications for roughly 60% of the 292.3 million shares to be issued for the rights issue. Metro’s underwriter claimed the remaining […]
Brisbane’s Metro Mining Limited released the results of the Bankable Feasibility Study (BFS) of its newly-expanded Bauxite Hills Mine project. According to the independent report, Metro can expect to generate an EBITDA of A$2.5 billion (US$1.9 billion) over the mine’s seventeen-year life. Among the takeaways from the BFS conducted by MEC Mining include the estimate […]
Brisbane’s Metro Mining Ltd released an overview of their expanded Bauxite Hills Mine project on Monday. The document is the first public disclosure of the project’s bauxite resources since finalizing the purchase of Gulf Alumina’s interests in the area in January. According to the report, Metro Mining’s bauxite reserves at Bauxite Hills includes 144.8 million […]
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 ...
2020 was supposed to be “year of climate action”, with the Glasgow COP26 acting as a major milestone for both ...
Between October 28 and November 1st, London hosted the traditional London Metals Exchange (LME) Week gathering of analysts, brokers, traders ...
Base metals prices reacted positively to the progress registered in the latest round of US – China trade talks in ...