Calculate Embedded Emissions for Unwrought Aluminium (HS7601)

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Payable emissions (tCO₂e/t)

Total CBAM Cost (€)

Notes:
There may be a difference when calculating the price with respect to import volume, carbon price, and benchmark emissions, as the embedded formula may result in minor variations due to decimal rounding. Therefore, the actual value may vary.

CBAM is applicable to trade volumes starting from 50 metric tonnes. For trade volumes below 50 metric tonnes, CBAM does not apply.

Usage Procedure – How to use the CBAM Calculator Sheet

Enter or update values only in the INPUT
PARAMETERS section (Highlighted in blue) , including
the carbon price, benchmark emissions, CBAM
chargeable percentage (as per the phase-in year),
and imported quantity.

The system will automatically calculate the payable
emissions and the total CBAM cost (€) based on the
inputs provided.

Notes:
• Change any input value to automatically update CBAM cost.
• Formula used: Carbon price × payable emissions × quantity.
• Model aligned with CBAM supplier-side illustrative methodology.

01 SEPTEMBER 2023 AL CIRCLE

Metro Mining unveils its H1 2023 operational and financial results

EDITED BY : RUPANKAR MAJUMDER 2MINS READ

The Australian mining and exploration company Metro Mining Limited has announced that in the six months ending 30 June 2023 (‘H1 2023’), it achieved a record in H1 shipments.

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The strategies implemented during 2022 aimed at reducing unit costs and improving its resilience are now being realised by the Company, and this is reflected by a $12.7 million year-on-year improvement in the financial performance with a net loss of $16.7 million (H1 2022: $29.4 million net loss). The H1 2023 results include a quarter in which, as expected, there were no shipments due to the annual wet season (January – March). The Company ended the period with $20.2 million in cash and equivalents.

The Bauxite Hills Mine in North Queensland has officially reached its final investment decision to expand its capacity to 7 million Wet Metric Tonnes (M WMT) annually. This expansion project has secured its complete funding through a newly established debt facility of US$30 million, provided by Nebari Partners LLC.

In H1 2023, the company shipped 1.3 million tonnes (WMT) of bauxite. Notably, the production has remained robust, reaching 0.47 million tonnes (WMT) in July and setting a new monthly record with 0.55 million tonnes (WMT) in August. This impressive increase in production has been made possible through the strategic integration of geared Ultramax vessels alongside the floating crane barge as part of the ongoing expansion project.

Metro Mining is committed to sustaining this momentum by continuing dual-loading operations throughout the rest of 2023. Moreover, according to the company, all necessary equipment is now stationed on-site, positioning us to achieve an average monthly production target of 0.65 million tonnes (WMT) starting in September. The annual sales projections range between 4.5 to 5.0 million tonnes (WMT).

Despite the ongoing economic uncertainties in China, alumina production continues to exhibit resilience, with prices showing an upward trend. This is primarily due to the resurgence of hydro-powered aluminium smelters returning online. Additionally, market conditions for traded bauxite remain robust, increasing Australian bauxite prices as contracts are renewed. The stability of Metro's freight contracts ensures consistent shipping rates, enabling the firm to maintain stable free-on-board (FOB) prices.

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