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Metro awards Bauxite Hills contract

By: Esmarie Swanepoel     14th September 2017 Bauxite developer Metro Mining has awarded a mining contract at its Bauxite Hills mine, in Queensland, to contractor SAB Mining. Mine construction at Bauxite Hills started in July this year, and mining operations were on schedule to start in April 2018, with Metro saying on Thursday that SAB was... 

Metro completes A$38m bookbuid

By: Esmarie Swanepoel     19th July 2017 Bauxite developer Metro Mining has successfully raised A$38-million to advance its Bauxite Hills project, in Queensland, after successfully completing an institutional placement book build. The company on Wednesday said that the institutional placement, which had been priced at 13.5c a share,... 

Metro raises more funds for Bauxite Hills development

By: Esmarie Swanepoel     17th July 2017 Bauxite developer Metro Mining suspended share trading on Monday, as the company announced yet another capital raise. Metro was hoping to raise A$38-million through a two-tranche share placement, to fully fund the construction and development of its Bauxite Hills mine, in Queensland. 

Metro secures A$40m for Queensland bauxite mine

By: Esmarie Swanepoel     22nd June 2017 Bauxite developer Metro Mining has secured A$40-million in debt financing for the development of the Bauxite Hills mine, in Queensland. Metro on Thursday announced that it had agreed binding terms with Sprott Private Resources Lending and Ingatatus, following a global tender process. 

Metro signs LoI with Chinese offtaker

By: Esmarie Swanepoel     30th May 2017 Bauxite developer Metro Mining has signed a non-binding letter of intent (LoI) with Chinese chemicals group Shandong Aluminium Company (Lubei) for the supply of up to one-million tonnes a year of bauxite, over a three-year period, from the Bauxite Hills mine, in Queensland. The supply agreement... 

Metro partners up in Myanmar

By: Esmarie Swanepoel     8th December 2016 ASX-listed Metro Mining has signed a farm-in agreement with PanAust over its Mahar San exploration project, in Myanmar. Under the agreement PanAust will have the exclusive option to explore the project for one year, in exchange for funding all operating costs, including an agreed drilling... 

Moly says new Metro offer superior to Gulf Alumina’s

By: Esmarie Swanepoel     9th November 2016 ASX-listed Moly Mines has increased its offer for takeover target Gulf Alumina, to rival a bid from fellow-listed Metro Mines. Moly Mines in September launched a combination of A$0.46 in cash and 1.4 options for each Gulf share held, with the company revealing plans to progress Gulf’s Skardon... 

Metro rivals Moly with cash and share offer for Gulf Alumina

By: Esmarie Swanepoel     25th October 2016 ASX-listed Metro Mining will launch another takeover offer for Gulf Alumina to rival a takeover offer from fellow-listed Moly Mines. Metro, which already holds a 39% stake in Gulf Alumina, has previously said some of the conditions attached to the Moly Mines offer would be difficult to satisfy. 

Metro signs offtake MoU

By: Esmarie Swanepoel     10th August 2015 Bauxite developer Metro Mining has signed an offtake memorandum of understanding (MoU) with Chinese aluminium firm Xinfa Group over the Bauxite Hills project, in Queensland’s Cape York Peninsula. The MoU contemplated an offtake of between 1-million and 1.2-million tonnes a year of bauxite, over... 

Metro Mining doubles Bauxite Hill resource

By: Esmarie Swanepoel     13th January 2015 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 has now been estimated at the BH1 deposit, at... 

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