Metro Mining's Ikamba sets sail to triple bauxite transhipping capacity

Published: May 9, 2024 16:03
The Australian mining and exploration company Metro Mining Limited has announced that its Offshore Floating Terminal (OFT), Ikamba, smoothly departed from Weipa on April 25th and successfully completed its mobilisation to Skardon River.

The Australian mining and exploration company Metro Mining Limited has announced that its Offshore Floating Terminal (OFT), Ikamba, smoothly departed from Weipa on April 25th and successfully completed its mobilisation to Skardon River. On April 28th, Ikamba commenced cargo operations, loading bauxite onto the capesize vessel, Jewel, positioned just eight nautical miles offshore.

The OFT Ikamba stands as a cornerstone of Metro's ambitious expansion project, elevating its capacity to 7 million wet metric tonnes (WMT) and effectively tripling its potential transhipping throughput. This strategic addition not only bolsters the resilience of the Bauxite Hills Mine operation but also facilitates faster vessel loading, accommodating even larger vessels of up to Newcastlemax size (220,000 tonnes). Its substantial size ensures operational safety even in challenging weather conditions, making it a pivotal asset for Metro. Collaborating seamlessly with the single floating crane barge (FCB), TSA Skardon, in 2024, optimises ship loading operations' efficiency.

In the lands and waters where Metro proudly operates, the Ikamba, revered as the Ankamuthi name for saltwater crocodile, holds significant cultural importance as a totem for the Traditional Owners. Stretching an impressive 132 meters in length and 28 meters in width, with a hefty dead weight of 5,000 tonnes, Ikamba embodies strength and reverence. The cargo handling system boasts two robust electric cranes, each with a capacity of 34 WMT and a reach of 30 meters, supplied by E-Crane. Complementing this is a conveyor system from MacGregor and a ship-loading boom capable of servicing up to 3 holds of vessels sized up to Newcastlemax. With a peak loading capacity of 3,000 tonnes per hour, the system anticipates operational throughput of up to 2,000 WMT per hour, far surpassing the existing FCB, TSA Skardon, with its nameplate capacity of 1,000 WMT per hour.

Simon Wensley, the CEO and MD of Metro Mining, said, “It has been over a year since Ikamba was loading bauxite off the West African Coast. After travelling halfway around the world and undergoing a refurbishment in China, seeing it in operation at Skardon River is exciting. My thanks to our truly professional team that has contributed to this epic journey. I wish the new Metro crew fair winds and seas and, above all, safe operations.”

Bauxite production in Australia is expected to grow steadily by 2 to 2.5 per cent per year until 2024. In 2023, Australia produced approximately 102.5 million tonnes (preliminary estimate) of bauxite, with a forecasted increase to 105.06 million tonnes in 2024. For more information about bauxite production in Australia and other countries, explore "Global Aluminium Industry Outlook 2024."

Source: https://www.alcircle.com/news/metro-mining-s-ikamba-sets-sail-to-triple-bauxite-transhipping-capacity-110683

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn
For more information on how to access our research reports, please contact:service.en@smm.cn
Related News
Aluminum Alloy 2605 Contract Sees Midday Decline, ADC12 Prices Remain Stable Amid Narrowing Cost Fluctuations
7 mins ago
Aluminum Alloy 2605 Contract Sees Midday Decline, ADC12 Prices Remain Stable Amid Narrowing Cost Fluctuations
Read More
Aluminum Alloy 2605 Contract Sees Midday Decline, ADC12 Prices Remain Stable Amid Narrowing Cost Fluctuations
Aluminum Alloy 2605 Contract Sees Midday Decline, ADC12 Prices Remain Stable Amid Narrowing Cost Fluctuations
[SMM Aluminum Alloy Daily Review] Futures side, before midday the most-traded aluminum alloy 2605 contract retreated after a rapid rise and then fluctuated downward. After opening, the price rose rapidly to an intraday high of 23,985 yuan/mt, then pulled back under pressure, with the session low falling to 23,535 yuan/mt. As of the midday close, it stood at 23,630 yuan/mt, down 115 yuan from the previous trading day, a decline of 0.48%. Spot side, ADC12 market prices were mainly stable today. As fluctuations in aluminum prices and aluminum scrap prices narrowed, cost support tended to stabilize, and enterprises generally lacked the motivation to adjust prices. Meanwhile, downstream demand showed no obvious improvement, with procurement still mainly driven by rigid demand, and market transa
7 mins ago
SHFE Aluminum Night Session Closed Higher, Geopolitics and Fundamentals Jointly Supported Aluminum Prices [SMM Aluminum Morning Meeting Summary]
4 hours ago
SHFE Aluminum Night Session Closed Higher, Geopolitics and Fundamentals Jointly Supported Aluminum Prices [SMM Aluminum Morning Meeting Summary]
Read More
SHFE Aluminum Night Session Closed Higher, Geopolitics and Fundamentals Jointly Supported Aluminum Prices [SMM Aluminum Morning Meeting Summary]
SHFE Aluminum Night Session Closed Higher, Geopolitics and Fundamentals Jointly Supported Aluminum Prices [SMM Aluminum Morning Meeting Summary]
[SHFE Aluminum Night Session Closed Higher, with Geopolitics and Fundamentals Jointly Supporting Aluminum Prices] Overall, the geopolitical situation in the Middle East remained the core factor affecting the global aluminum market. A series of production cuts and damage incidents at Middle Eastern aluminum plants is expected to provide strong upward momentum for aluminum prices in and outside China, together with support from expectations of the gradual release of peak-season demand in China. In the short term, aluminum prices are expected to remain in a high-level consolidation pattern.
4 hours ago
Aluminum Alloy Night Session Trading Was Relatively Weak; ADC12 Moved Sideways in the Short Term [SMM Cast Aluminum Alloy Morning Comment]
4 hours ago
Aluminum Alloy Night Session Trading Was Relatively Weak; ADC12 Moved Sideways in the Short Term [SMM Cast Aluminum Alloy Morning Comment]
Read More
Aluminum Alloy Night Session Trading Was Relatively Weak; ADC12 Moved Sideways in the Short Term [SMM Cast Aluminum Alloy Morning Comment]
Aluminum Alloy Night Session Trading Was Relatively Weak; ADC12 Moved Sideways in the Short Term [SMM Cast Aluminum Alloy Morning Comment]
[SMM Cast Aluminum Alloy Morning Comment: Weak Trading in the Aluminum Alloy Night Session, ADC12 to Move Sideways in the Short Term] The aluminum alloy 2605 contract showed a pattern of opening higher and then fluctuating lower in the night session. It opened at 23,985 yuan/mt, hit an intraday high of 23,985 yuan/mt, dipped to a low of 23,705 yuan/mt, and finally closed at 23,745 yuan/mt, up 50 yuan/mt from the previous trading day, or 0.21%. Trading volume was 2,253 lots, down 5,248 lots from the previous trading day, while open interest stood at 6,784 lots, down 174 lots. Both trading volume and open interest pulled back, indicating weak trading sentiment in the night session.
4 hours ago
Metro Mining's Ikamba sets sail to triple bauxite transhipping capacity - Shanghai Metals Market (SMM)