Metro's bauxite expansion takes shape

BAUXITE producer Metro Mining is in “advanced” discussions with debt financiers to refinance the company’s existing facility and provide funding for a likely A$50 million expansion to increase output to 6 million tonnes per annum from its Bauxite Hills project in Far North Queensland.

Metro's bauxite expansion takes shape Metro's bauxite expansion takes shape Metro's bauxite expansion takes shape Metro's bauxite expansion takes shape Metro's bauxite expansion takes shape

Getting bauxite barged down the Skardon River, out to sea and loaded into ships bound for China as quickly as possible is the key for increasing profitability at Metro's Bauxite Hills operation north of Weipa

As of earlier this year, Metro's debt was $42.1 million, with most of an expansion set to cost $51.

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