PROJECT FINANCE

Metro on the financing hunt after approving big bauxite expansion

BAUXITE junior Metro Mining will, subject to financing, increase production capacity at its four million tonne per annum Bauxite Hill operation in Far North Queensland to 7Mtpa.

Metro's bauxite venture set to get bigger, Qld

Metro's bauxite venture set to get bigger, Qld

The expansion is expected to cost about A$28 million. The venture has an estimated net present value of $372 million, an internal rate of return of 78% and a sub-two year payback. "With the completion...

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