Metro steps closer to its 2019 production guidance with 5% MoM growth in bauxite production in September

On Thursday, October 3, Metro Mining Limited reported September quarter results, with which it assured that it is well-positioned to meet 2019 production guidance of 3.3 million tonnes to 3.5 million tonnes of bauxite.

As per the report, the company mined 1.42 million tonnes in the quarter from Bauxite Hills Mine taking year-to-date production to 2.3 million tonnes. Greater consistency and improved productivity played a key role in the steady growth of mining. In September, Metro’s bauxite mining was at 501,000 tonnes, up 13.09 per cent from 443,000 tonnes in July and 5.25 per cent from 476,000 tonnes in August.

Metro also reported that its mining and haulage is benefitting from excellent machine availabilities. The barge loading facility and ship-loading rates are at sustainable position assisted by better productivity and returning vessels.

Metro’s total bauxite shipment in September quarter was at 1.41 million tonnes taking the year-to-date shipment to 2.25 million tonnes. In September, the shipment volume grew by 7.34 per cent from 463,000 tonnes in July and 9.23 per cent from 455,000 tonnes in August to come in at 497,000 tonnes.

Metro’s managing director and CEO Simon Finnis said: “The mining and shipping results continue to improve as we build our operational knowledge and experience.”

“Recent incremental changes to our haulage, loading and transhipping systems are yielding positive results and reflect the commitment and dedication of the entire team, particularly in identifying areas of process improvement,” he added.

Mr. Finnis also said, “The mine is ideally placed to maintain current levels for the remainder of the operating year and is on track to meet the production and shipping guidance of 3.3-3.5M WMT for 2019.”