METRO MINING LIMITED (ASX:MMI)
Metro Mining Limited is an Australian exploration and mining company based in Brisbane, Queensland.
Metro’s flagship project, the Bauxite Hills Mine, located 95 kilometres north of Weipa is one of the largest independent projects within the internationally acclaimed Weipa Bauxite Region.
The company holds a total tenement package covering approximately 1,900 square kilometres on Western Cape York.
The Bauxite Hills Mine has an estimated Reserve of 92.2 million tonnes (Mt) and total Resources of 144.8 million tonnes (Mt).
Mining operations commenced at the Bauxite Hills Mine mid-April 2018 (see ASX Announcement here)
On 31 December 2018 Metro announced it had achieved its 2018 production guidance and had shipped 2.037 million Wet Metric Tonnes (WMT). The Direct Shipping Ore (DSO) was shipped to five different companies in China (see ASX Announcement here)
Metro also announced it will increase production to 3.5Mt in calendar year 2019
Metro's Bauxite Hills Mine ore is being shipped to meet China's strongly growing bauxite market; where Cape York bauxite is well known and highly regarded.
Metro Mining also holds one of Australia’s largest thermal coal resources in Queensland’s Surat Basin.