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Metro Mining Ships Over 2 Million Tonnes Bauxite in 2018

Jan 3,2019

Metro Mining Ltd shipped 2.037 million wet metric tonnes from its Bauxite Hills mine in north Queensland and has achieved its production guidance for 2018. As planned, the final vessel for 2018 completed loading on the 28 December and has departed for China, it was the 33rd vessel. Despite Cyclone Owen’s December impact, 220,000 tonnes of bauxite was still loaded in December.

 

Simon Finnis Metro’s managing director and CEO said that “This is a great result for Metro; not only have we achieved guidance for 2018 in our first operational year, but we’ve done so after our operations have twice been interrupted by cyclones, at either end of the operating year. It is a testament to our dedicated people on site that they’ve maintained focus and achieved our goals.”

 

Metro has also decided to transition to owner-operator for the mining operation, and as a result, has terminated the mining services agreement with SAB Mining.

 

Mr. Simon Finnis said that “This is a great result for Metro; not only have we achieved guidance for 2018 in our first operational year, but we’ve done so after our operations have twice been interrupted by cyclones, at either end of the operating year. It is a testament to our dedicated people on site that they’ve maintained focus and achieved our goals. Now that we’ve commissioned and ramped up the project during 2018, it is a natural transition to own and operate our mining equipment. We have an excellent management team in place at the mine that is eminently capable of managing the mining function, so we see this as a logical step to increase efficiencies and reduce operating costs as we increase production to 3.5 million tonnes in the calendar year 2019.”