Name of the Project
Bauxite Hills Mine expansion.
Location
Western coastline of Cape York, in Queensland, Australia.
Project Owner/s
Metro Mining.
Project Description
The project involves the expansion of the Bauxite Hills mine from four-million wet tonnes a year to seven-million wet tonnes a year over a 15-year mine life.
The project includes the procurement of a second, floating-crane barge with land-side screens and conveyors.
Potential Job Creation
Not stated.
Net Present Value/Internal Rate of Return
The project has a net present value, at a 10% discount rate, of A$372-million and an internal rate of return of 78% with a payback of two years.
Capital Expenditure
A$28.3-million contingency.
Planned Start/End Date
Metro Mining approved the project in June 2022.
All regulatory approvals that would result in executing the expansion by the fourth quarter of 2023 are in place.
Latest Developments
The approval for the expansion is underpinned by securing additional binding offtake with Xinfa Aluminium Group for 2023 and 2024.
Key Contracts, Suppliers and Consultants
MEC Mining, supported by Braemar, CM Group, Wave Engineering, Rocktree Logistics and Warringa Marine (definitive feasibility study).
Contact Details for Project Information
Metro Mining, tel +61 7 3009 8000 or email info@metromining.com.au.