https://www.miningweekly.com
Design|Engineering|Mining
Design|Engineering|Mining
design|engineering|mining

Metro continues apace in December quarter

23rd January 2020

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

     

Font size: - +

PERTH (miningweekly.com) – Bauxite miner Metro Mining has reported a solid quarter in the three months to December, with production in line with expectations.

The ASX-listed company on Thursday noted that bauxite production for the quarter reached 1.2-million tonnes, down from the 1.4-million tonnes in the previous quarter, while bauxite shipments also declined from 1.4-million to 1.2-million tonnes in the same period.

In the full year ending December, Metro achieved its revised production guidance of between 3.3-million and 3.5-million tonnes, with the production of 3.5-million tonnes of bauxite.

Revenues for the December quarter reached A$55.27/t, down slightly from the A$56.22/t achieved in the previous quarter, while full year revenues were A$56.13/t.

Meanwhile, Metro noted that work on the Stage 2 expansion of the Bauxite Hills mine, to increase the production rate to six-million tonnes a year by 2021, also proceeded during the quarter.

At the end of the quarter, tenders had been received for all of the major work packages, with the Metro board expected to make a final investment decision following the completion of detailed engineering and design work.

Edited by Creamer Media Reporter

Comments

Showroom

Booyco Electronics
Booyco Electronics

Booyco Electronics, South African pioneer of Proximity Detection Systems, offers safety solutions for underground and surface mining, quarrying,...

VISIT SHOWROOM 
WearCheck
WearCheck

Leading condition monitoring specialists, WearCheck, help boost machinery lifespan and reduce catastrophic component failure through the scientific...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Mining Weekly Editor Martin Creamer
Copper shares soar and green hydrogen goes digital
26th April 2024
Magazine cover image
Magazine round up | 26 April 2024
26th April 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.121 0.159s - 113pq - 2rq
1:
1: United States
Subscribe Now
2: United States
2: