Poor weather conditions have affected the financial performance of yet another miner, with Metro Mining recording a loss for the half-year of $29.4 million.
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Placement places Metro Mining in sound growth position
Metro Mining has received binding commitments for a $18.9 million two–tranche placement, at 2 cents per share, and a $6.5 million loan conversion.
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Long-life producer Bauxite Hills set for expansion
Queensland-based Metro Mining has been given the go-ahead by its board to expand the capacity of the Bauxite Hills mine to 7 million wet metric tonnes per annum.
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Bauxite Hills to ramp up with Xinfa contracts
Metro Mining has signed two offtake agreements with Xinfa, locking the Chinese-based aluminium producer into the company's Bauxite Hills mine until at least 2025.
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Metro manages volatile freight costs
Metro Mining has flagged "historically high" freight costs for shipping its bauxite product, which the company anticipates will negatively impact prices.
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Metro Mining brings Bauxite Hills back online
Metro Mining will recommence operations at the Bauxite Hills mine in Queensland following an early shutdown for the wet season in September 2020.
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Metro closes Bauxite Hills early
Metro Mining has moved into its planned wet season shutdown at the Bauxite Hills mine in Queensland earlier than usual.
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Metro Mining delays Bauxite Hills expansion amid market uncertainties
Metro Mining expects to put back its planned $51.4 million Bauxite Hills expansion amid market uncertainties sparked by the COVID-19.
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Metro off to ‘an excellent start’ at Bauxite Hills
Metro Mining’s first ship for 2020 has arrived for loading at Skardon River in Queensland as part of Xinfa Group’s two million tonne purchase this year.
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Metro Mining gets funding approval for Bauxite Hills expansion
The Queensland government has agreed to Metro Mining's $47.5 million Northern Australia Infrastructure Facility (NAIF) loan facility for the Bauxite Hills mine in Queensland.
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Metro Mining awakens Bauxite Hills from hiatus
Metro Mining has recommenced operations at the Bauxite Hills mine in Queensland, with the addition of a night shift crew coming onboard this week.
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Metro Mining to resume shipping in April 2020
Metro Mining is set to recommence mining and shipping in April, with an estimated one million tonnes of bauxite to be produced and shipped by the end of June.
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Metro shifts down a gear at Bauxite Hills
Metro Mining is set to reduce activity at the Bauxite Hills mine in Far North Queensland over the next three months.
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Metro Mining to hit upper end guidance
Metro Mining is on track to achieve its production guidance at the Bauxite Hills project in Far North Queensland this year.
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Scania trucks power Metro Mining operations
As production ramps up at Metro Mining’s Bauxite Hills mine on the western edge of Cape York, Scania’s mine trucks are pulling more than their weight getting the bauxite to port.
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Metro Mining receives boost for Bauxite Hills expansion
The Northern Australia Infrastructure Facility (NAIF) has offered Metro Mining a loan facility for stage two of the Bauxite Hills expansion project in Far North Queensland.d.
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Metro considers Bauxite Hills mine life extension
Metro Mining has updated its reserve at the Bauxite Hills mine, resulting in a significant upgrade to the company’s alumina and silica output.
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Metro resumes Bauxite Hills operations following production delays
Metro Mining has recommenced operations at its Bauxite Hills mine, having completed activities relating to expanding production in 2019.
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Amrun to drive Australia’s global bauxite strength
Rio Tinto's $2.6 billion Amrun mine in Queensland is cementing Australia's standing as the world's top producer of bauxite.
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Metro lifts production at Bauxite Hills after resuming operations
Metro Mining's Bauxite Hills mine north of Weipa is back in operation after a planned hiatus during the wet season in Far North Queensland.
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