Metro Mining Limited has signed two new Binding Offtake Agreements with China’s Xinfa Group for a total 7 million dry metric tonne (DMT) of bauxite, aligning with Metro’s Stage 2 expansion plans.
The new deal is likelyt to start next year.
{alcircleadd}
Metro Mining Managing Director and CEO Simon Finnis said: “Xinfa was Metro’s foundation customer so these latest Agreements are testimony to the extremely strong personal and business partnership that exists between Xinfa and Metro. It is a relationship we value highly and will always endeavor to support and grow. Importantly, these contracts demonstrate Xinfa’s continued support towards Metro and its strategy around the Stage 2 expansion”.
Xinfa is one of the largest integrated aluminium companies in China with significant refining and smelting operations in Shandong, Shanxi, Guangxi and Xinjiang Provinces, Metro Mining said.
Responses
