Simon Finnis

Construction of Port and Infrastructure Underway at Metro Mining’s Bauxite Hills Mine

Construction of Port and Infrastructure Underway at Metro Mining’s Bauxite Hills Mine

Brisbane’s Metro Mining Limited updated its investors on the progress of construction at Bauxite Hills Mine yesterday, detailing the first steps in the projected 17-year life of the Cape York operation. The firm’s civil works contractor SAB Mining is on site at...

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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 to one million metric tons per year to the People’s Republic of China’s Shandong Aluminium Company Limited (Lubei) for at least three years. The LOI contemplates Metro Mining commencing the delivery in April of next […]

Feasibility Study of Metro’s Bauxite Hills Anticipates Strong Financial Returns

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 […]

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 the equity raising will consist of issuing about 419.4 million fully-paid ordinary shares, […]

Gulf Alumina’s Board Recommends Metro Mining’s Takeover Offer

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 […]