Metro Mining, an Australian mining and exploration company, has shown a strong turnaround for the first half of 2025, ending on June 30. The report directly reflects the company's expansion at the Bauxite Hills operation, where the shipment record rose to 1.9 million wet tonnes.
The firm's earnings before interest, tax, depreciation and amortisation totalled AUD 23 million (USD 15.04 million), representing an improvement of 248 per cent if compared with the previous year's same period, which projected a loss of AUD 15.5 million (USD 10.14 million).
Concerning the balance sheet, the firm books impairment reversal worth AUD 47.7 million (USD 31.2 million) along with the recognised gross tax loss of AUD 204.5 million (USD 133.7 million). A gain of AUD 33.2 million (USD 21.7 million), contributed by a favourable currency environment, followed by the restructuring of the company's foreign exchange hedging.
Simon Wensley, CEO and MD of Metro Mining, stated, "This is an outstanding set of half-year results off the back of delivering our expansion last year and then record first-half shipments. It's a tribute to the hard work of the Metro team and our contractors and provides excellent momentum into the second half of the year, which is our most productive."
Bauxite Hills mine of the firm, which is located 95 km north of Weipa on the Skardon River, supports the production of high-quality alumina bauxite, which is further shipped to the designated consumers within one large carrier.
Concerning the traditional owners, the company maintains a formal agreement and boasts a significant representation of Indigenous employees, supporting economic growth across Cape York and Far North Queensland.
Also read: Metro Mining powers towards 7 tonnes bauxite milestone before 2025 ends
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