Metro Mining secures offtake agreements with its Chinese partners for its Bauxite Hills productions

Metro Mining has secured and signed further bauxite offtake agreements with its Chinese partners for the supply of its 2018-2019 production from its Bauxite Hills operation in Far North Queensland.

After securing the two new agreements, about 90% of Metro’s planned 2018 production is sold or contracted for sale, as well as 80% of its 2019 production. Sales have been made into China’s Henan Province, where supply of domestic bauxite has been hindered by recent mine closures on environmental restrictions.

According to Metro Mining managing director Simon Finnis the agreements were another development towards building credibility for Metro bauxite and getting a stronger foothold in the Chinese market.

“These agreements are particularly pleasing as 2018 is now largely covered to a number of different customers, and we’ve started to sell material for next year.  It demonstrates the strong demand for our bauxite in the Chinese market and supports our growth and marketing strategy” he said.

“The mine continues to perform well with all commissioning issues well and truly behind us, and production continuing to increase month on month,” he added.

Another update from the company announced that Metro Mining Ltd was named Australia’s leading emerging mining company at the Diggers & Dealers Mining Forum in Kalgoorlie on August 8. The recognition came for getting the Bauxite Hills project in Far North Queensland operational successfully in a short period of time.

Metro Mining began bauxite mining operations at its flagship project, Bauxite Hills at Weipa on western Cape York, in April this year.