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.

Metro raises another big slab of funding Metro raises another big slab of funding Metro raises another big slab of funding Metro raises another big slab of funding 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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