Metro Mining Limited

Metro Mining Lauches Drive to Raise A$52.4 MM for Bauxite Hills Mine

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 equity to continue operations at the Bauxite Hills Mine project on the northern tip of the Cape York Peninsula. Metro says that...

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Events

Metro Mining Inks Bauxite Contract with Xinfa Group

Metro Mining Inks Bauxite Contract with Xinfa Group

Brisbane’s Metro Mining Ltd announced yesterday that it has papered an agreement with the People’s Republic of China’s Xinfa Group. According to Metro, the agreement is for four years and obliges the firm to provide one million metric tons in the contract’s first year, then two million metric tons per annum for the remaining three […]

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Australian Official Urged to Reject Chinese Firm’s Offer to Buy Gulf Alumina

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 […]

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Metro Mining Inks Deal to Substantially Increase Stake in Gulf Alumina

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 […]

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Metro Mining Ltd Shareholders Approve Bauxite Hills Financing

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 […]

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Metro Mining Inks Strategic Financing Agreement with Greenstone

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 […]

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