Metro Mining Limited

Gulf Alumina Confirms Metro Mining’s Buyout Offer is Superior

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...

Events

Metro Mining Ltd Shareholders Approve Bauxite Hills Financing

Australia’s Metro Mining Limited announced on Tuesday that it has obtained shareholder approval to issue shares to Greenstone Metro Holdings LP. The move is part of Metro’s strategic funding arrangement, allowing it to go forward on its Bauxite Hills project in Queensland. The US$6.7 million in shares issued to Greenstone makes the firm Metro’s largest […]

Metro Mining Inks Strategic Financing Agreement with Greenstone

Brisbane’s Metro Mining Limited announced yesterday that it has signed an agreement with Greenstone Resources II Ltd that grants Greenstone a 19.98% interest in Metro in addition to providing Metro with assistance in developing its Bauxite Hills Project. The agreement has Greenstone investing an initial US$6.76 million by way of a placement of 105 million […]

Metro Mining to Open 5 Mtpa Bauxite Mine in QLD Next Year

Australian exploration and mining company Metro Mining Limited announced last week that it has reached a key milestone in commencing production of a new bauxite mine at Western Cape York, Queensland. According to estimates, the mine may yield up to 65.3 million metric tons over its projected thirteen-year life. Metro’s submission of an Environmental Impact […]