Simon Finnis

Metro Mining’s Institutional Placement Raises A$17.5 Million

Metro Mining’s Institutional Placement Raises A$17.5 Million

Australia’s Metro Mining Ltd. announced last week a bookbuild that raised A$17.5 million in capital for the firm. The institutional placement was heavily oversubscribed upon its debut by both existing investors and new institutional buyers, both from Australia and overseas. The popularity...

Events

Despite Week Lost to Nora, Metro Mining Remains On Track for 2018 Production Target at Bauxite Hills

Australian metals miner Metro Mining Limited eased investors’ fears yesterday by announcing that the firm’s people and equipment successfully weathered tropical cyclone Nora. According to the company’s press release, the storm passed by operations at Bauxite Hills on Saturday morning. Though she assailed the site with a battery of powerful gales and torrential rain, Metro […]

Metro Mining Inks Bauxite Offtake Agreement with Chinese Power Company SPIC

Australian metals miner Metro Mining Limited made its investors aware of the execution of a non-binding Memorandum of Understanding (MoU) involving the supply of bauxite ore to the People’s Republic of China’s state-owned State Power Investment Corporation (SPIC) Aluminium and Electric Power Investment Co. Ltd. Per Metro’s press release, the MoU contemplates providing SPIC with […]

With Completion of Marine Infrastructure, Metro Mining Continues Apace for Beginning Production at Bauxite Hills in Mid-2018

Australian metals miner Metro Mining Limited announced yesterday that it cleared another hurdle in the race to open the Bauxite Hills Mine with the completion of principally all of the necessary marine infrastructure. According to Metro Mining, construction is complete upon the Barge Loading Facility (BLF), Marine Offloading Facility, cyclone moorings, navigational aids, and tidal […]

Metro Mining Awards Bauxite Hills Mining Contract to SAB

Metro Mining Limited announced last week that the firm chose SAB Mining to conduct operations at its soon-to-be-opened mine at Bauxite Hills. The award of the mining contract to SAB marks the last award of a major contract for the mine. Included in SAB’s duties under the contract are clearing and pre-stripping the mine area, […]