Metro Mining doubles Bauxite Hill resource
PERTH (miningweekly.com) – ASX-listed Metro Mining, previously known as Metro Coal, has more than doubled the direct shipping ore (DSO) inferred resource at its Bauxite Hills, in Queensland.
The company reported on Tuesday that a 24.9-million-tonne DSO inferred resource had now been estimated at the BH1 deposit, at Bauxite Hills, taking the project’s total inferred DSO resource to 47-million tonnes.
Metro Mining acquired the Bauxite Hills project through the takeover of fellow-listed Cape Alumina at the end of last year.
A prefeasibility study (PFS) previously conducted by Cape Alumina has found that the Bauxite Hills mine could deliver five-million tonnes a year, over a ten-year life. The study proposed that the Bauxite Hills mine would start production at 2.5-million tonnes a year of dry beneficiated bauxite, building to full capacity over a two-year period.
Capital costs for the project have been estimated at between A$234-million and A$250-million, depending on the time and development option chosen for the Bauxite Hills project, with operating costs estimated at between A$24/t and A$27/t.
Metro Mining said on Tuesday that work had now started on a PFS for the Bauxite Hills project, with completion scheduled in February, to coincide with a resource upgrade.
The company noted that the production of a DSO product would allow for the development of a low capital and low operating cost mine, by avoiding a number of significant costs associated with the production of a beneficiated bauxite product.
The project was now being planned as a two-million-tonne-a-year project.
Project approvals were expected by the first half of 2016, and production has been targeted for the third quarter of 2016.
Comments
Research Reports
Latest Multimedia
Latest News
Showroom
Booyco Electronics, South African pioneer of Proximity Detection Systems, offers safety solutions for underground and surface mining, quarrying,...
VISIT SHOWROOM
Press Office
Announcements
What's On
Subscribe to improve your user experience...
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?
Receive 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)
➕
Recieve 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
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation
