Skardon River

Metro Mining To Receive A$47.5 Million Loan From Australian Government For Expansion At Bauxite Hills

Metro Mining To Receive A$47.5 Million Loan From Australian Government For Expansion At Bauxite Hills

Australia’s Metro Mining Ltd. announced yesterday the decision by the Northern Australia Infrastructure Facility (NAIF) to loan to the firm up to A$47.5 million for expansion of operations at Bauxite Hills. Per the firm, NAIF’s Loan Facility is a nine-year note that...

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 […]