Metro Mining Limited has reported record bauxite shipments of 589,000 wet metric tonnes (WMT) in June 2025, marking a 16 per cent year-on-year increase. The milestone comes despite operational challenges caused by restricted drafts in the Skardon River, highlighting the company’s operational resilience.
Image credit: business-humanrights.org
The Australian miner, which operates the flagship Bauxite Hills Mine in northern Queensland, continues to make strides toward its 2025 shipment target of 6.5-7 million WMT. This performance builds on a strong growth trend, following previously reported record months and Metro’s all-time high shipment of 720 thousand WMT in August 2024.
During a mid-month shutdown, Metro advanced critical maintenance work to optimise operations and improve future reliability. The company also secured Q3 2025 pricing agreements in line with robust market conditions, signalling potential for stronger financial results compared to Q2.
Metro’s strength lies in its resource base of 77.7 million tonnes of reserves and 114.4 million tonnes of total resources, combined with strategic infrastructure upgrades completed in late 2024. Improvements to mining fleets, conveyor systems and marine loading facilities have increased operational efficiency and helped the company maintain shipment schedules despite heavy rain and tropical storms.
Long-term freight contracts, which cut shipping costs by USD 3 per tonne, provide a key competitive advantage. This allows Metro to deliver high-quality, high-alumina bauxite (Al₂O₃-49.8 per cent) at competitive prices to Chinese customers within a 7–10 day shipping window.
With 6.9 million WMT in contract coverage for 2025, Metro Mining is well-positioned to capitalise on growing global demand for bauxite, particularly from China’s aluminium industry.
On the stock market, Metro Mining Limited (MMI -1.41% ▼) holds a Buy rating with a price target of USD 0.085, reflecting positive analyst sentiment around its growth strategy.
Responses
