Metro Mining Inks Bauxite Offtake LOI with China’s Lubei
Brisbane’s Metro Mining Ltd announced yesterday the execution of a non-binding letter of intent (LOI) to deliver between 500 thousand...
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...
Brisbane’s Metro Mining Ltd announced yesterday the execution of a non-binding letter of intent (LOI) to deliver between 500 thousand...
Brisbane’s Metro Mining Ltd announced earlier today that it has consolidated its title and access agreements to its Bauxite Hills...
Brisbane’s Metro Mining Ltd. raised $36.5 million for its Bauxite Hill mine in a recently-completed rights issue. According to domestic...
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 […]
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 the equity raising will consist of issuing about 419.4 million fully-paid ordinary shares, […]
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 […]
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 […]
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 ...