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Metro raises another big slab of funding

BAUXITE developer Metro Mining has found another A$38 million of equity backing for its Bauxite Hill project in Queensland following last month’s unveiling of $40 million in debt and $52 million raised in February that was primarily related to its takeover of Gulf Alumina.

Michael Quinn
Metro raises another big slab of funding

The funding appears to place Metro in a comfortable position from a financial perspective, given the company has routinely promoted Bauxite Hill as having pre-production capex of less than $40 million...

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