Metro motoring along at Bauxite Hills

METRO Mining’s cash and receivables have increased nearly 50% to A$43.5 million after another good-looking production and shipping quarter from the bauxite miner in Far North Queensland.

Metro motoring along at Bauxite Hills Metro motoring along at Bauxite Hills Metro motoring along at Bauxite Hills Metro motoring along at Bauxite Hills Metro motoring along at Bauxite Hills

Bauxite on the move down Skardon River at Bauxite Hills, FNQ

The rise in its cash holdings came as debt of $4.7 million was repaid and as negotiations with debt financiers for an expansion costing about $50 million were said to be "well advanced".

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