MetroCoal Ltd

Metro Mining’s First Shipment of Bauxite Sails for China

Metro Mining’s First Shipment of Bauxite Sails for China

The first batch of bauxite harvested from Metro Mining Ltd’s operations at Bauxite Hill Mine set sail for the People’s Republic of China earlier this week per an announcement by the firm. The initial shipment, which consists of around 62 thousand metric...

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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 present, says that the purchase of the remaining Gulf shares represents a “logical […]

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 […]

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 […]