Metro promotes Finnis to MD & appoints a GM to prepare for mining

Simon Finnis has been promoted from CEO to Managing Director of Metro Mining Ltd.

Metro Chairman Stephen Everett said Finnis had made a significant contribution as CEO and would add increased value as the company transitions from explorer to producer.

 “Simon has 30 years’ experience in underground and open cut mining operations in Australia and overseas.  The Metro Board looks forward to the important contribution he will be making in his new capacity as MD,” Mr Everett said.

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Under Finnis’ stewardship Metro has achieved many milestones including:

• The successful takeover of Gulf Alumina Limited, increasing the Company’s bauxite reserves and paving the way for the combination of the Gulf Alumina and Bauxite Hills bauxite projects;
• Establishing mining and metals private equity fund Greenstone Resources as a cornerstone shareholder with an $8.9 million investment into the Company;
• Negotiating an offtake agreement for the sale of 7 million tonnes of bauxite to Xinfa;
• Securing Native Title and Land Owner Agreements over the Bauxite Hills project area;
• Successful navigation of the Environmental Impact Statement process; and
• Completion of a 2mtpa definitive feasibility study and a 4mtpa preliminary feasibility study for the Bauxite Hills project.

Confirming Metro Mining’s determination to commence mining operations as soon as practicable, Charles Easton has commenced duties as General Manager Bauxite Hills.

An experienced mining professional with a focus on value creation across a number of commodities, Mr Easton will be responsible for the construction, start-up planning and operation of the Bauxite Hills mine. He has Mine Planning, Geology, Human Resources and IT experience including two years as General Manager with Thiess, focusing on design and implementation of business excellence and innovation.  He also worked at New Hope Coal, implementing Lean Processes in Mining, Maintenance, Plants and Logistics.