Metro Mining to highlight successes and plans at the Noosa investment meet

During this week's Noosa Mining Investment Conference in Queensland, the Australian mining and exploration company Metro Mining will showcase the ongoing acceleration of operations at its Bauxite Hills Mine, situated north of Weipa.

Commencing mining activities at the expansive 1,900 km² project in April 2018, Metro Mining swiftly shipped 2 million tonnes of bauxite to five major Chinese firms within its inaugural year.

Following an expansion initiative in 2019, which increased annual capacity to 3.5 million tonnes, Metro Mining is now poised for further growth, targeting a capacity boost to 7 million tonnes annually. This rapid growth is a testament to Metro Mining's potential and is sure to attract the interest of potential investors. Recent reports indicate a robust performance, with second-quarter shipments reaching 1.42 million tonnes, marking a notable 12 per cent rise year-over-year.

Crucial components vital to the expansion program were also successfully deployed in the second quarter. These include Metro's new offshore floating terminal, 'Ikamba,' alongside enhancements such as a new wobbler screen circuit and the acquisition of a barge and tow tug fleet.

Simon Wensley, CEO of Metro Mining, said, "We will report the continuing strength in the aluminium and bauxite market and progress with the ramp-up of Metro's 7-million-tonne-per-annum expansion project."

"We have been visiting Noosa for the last few years. It is professionally run and well supported by the industry, and (we) see it as a good way to give institutions, brokers, and investors a chance to meet the management team."

Source: https://www.alcircle.com/news/metro-mining-to-highlight-successes-and-plans-at-the-noosa-investment-meet-111441