Metro flags low-cost expansion

METRO Mining says the bauxite market is so hot right now it will accelerate production growth at its Bauxite Hills direct shipping ore mine on Queensland’s Western Cape York next year to 3.5 million tonnes.

Metro flags low-cost expansion Metro flags low-cost expansion Metro flags low-cost expansion Metro flags low-cost expansion Metro flags low-cost expansion

Loading ore at Weipa.

The expansion is being driven by strong customer demand, and is part of a wider upgrade strategy that will see the definitive feasibility study for a further expansion to 6Mtpa updated, with deliver expected in the June 2019 quarter.
 
Long lead items have already been ordered for the stage one expansion to 3.5Mtpa, beyond the previously mooted 3Mtpa plan.
 
Much of the existing plant and infrastructure at Bauxite Hills was designed to accommodate higher operating levels so the initiatives to incrementally increase production should be easy to implement and will cost less than A$7 million.
 
The capital works are expected to be funded from cash reserves of $38.2 million and existing financing arr...

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