SMM10, March 15: Metro Mining recently completed its final feasibility study (DFS) for the second phase expansion of its bauxite mine in a remote area in northern Queensland, Australia.
The results show that the reserves of bauxite mine is 109.5 million tons and the age of bauxite mine reaches 2037. In terms of production, bauxite production is expected to reach 4 million wet tons by 2020 and 6 million wet tons annually thereafter.
And Simon Finnis, chairman and chief executive of the company, said the results of the expansion feasibility study showed that the bauxite mine was expected to be one of the cheapest and largest projects on the market.
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