Operations to commence on schedule on 19 April
250 total personnel on site with significant indigenous employment
2021 Target to mine and ship 4 million WMT
Negotiations for additional sales progressing well
Core strategy to expand to 6 Million WMT remains in place
Sunset date for NAIF Loan extended to
Metro is directly employing over 120 people from Cape communities and the Cairns region at the mine. An additional 130 people will be employed by contractors who provide services to Metro. The company has set a target to mine and ship 4.0M wet metric tonnes (WMT) of bauxite between April and December. The initial 2.3M WMT is committed under Metro's longstanding contract with Xinfa. Negotiations for additional sales for 2021 and beyond are progressing well.
Last year Metro's 4.0M WMT target was thwarted by the worldwide impact of COVID 19 on market conditions across the aluminium supply chain. Despite record mining and shipping rates, and lower operational costs, the Mine was forced into an early wet season shutdown in September. Metro's Stage 2 Expansion to an annualised rate of 6.0M WMT remains the core strategy for the longterm development of
Financing for the majority of capital involved in Stage 2 is through a
Metro Mining Managing Director and CEO
Contact:
Tel: +61 (0) 7 3009 8000
Email: info@metromining.com.au
Web: www.metromining.com.au
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