Metro Mining announces approval of Bauxite Hill expansion to 7Mtpa
2022-06-29 15:16:33 [Print]
Australia's Metro Mining Limited announced on June 29 that its board of directors has approved a Final Investment Decision (FID), subject to financing, to increase production capacity at its four million wet metric tonne (WMT) per annum Bauxite Hill operation in Far North Queensland to 7 million WMT. The approval for the expansion is underpinned by securing additional binding offtake with Xinfa Aluminium Group for 2023 and 2024.
The company said binding offtake has already been secured for 5 million WMT in 2023 and 6 million WMT in 2024 to underpin payback in that time-frame.
All regulatory approvals are in place with intention to execute the expansion by Q4 2023. The expansion is expected to cost about A$28.3 million.
The company said binding offtake has already been secured for 5 million WMT in 2023 and 6 million WMT in 2024 to underpin payback in that time-frame.
All regulatory approvals are in place with intention to execute the expansion by Q4 2023. The expansion is expected to cost about A$28.3 million.
Bauxite Australian Monohydrate 52%min CIF China
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China bauxite producers' sales to production ratio statistics by province by month
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