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Metro Mining bauxite expansion takes shape

Australian bauxite producer Metro Mining is in “advanced” discussions with debt financiers to refinance the company’s existing facility and provide funding for a likely A$50 million expansion to increase output to 6 million tonnes per annum from its Bauxite Hills project in Far North Queensland.

Michael Quinn
Getting bauxite barged down the Skardon River, out to sea and loaded into ships bound for China as quickly as possible is the key for increasing profitability at Metro's Bauxite Hills operation north of Weipa in Queensland, Australia

Getting bauxite barged down the Skardon River, out to sea and loaded into ships bound for China as quickly as possible is the key for increasing profitability at Metro's Bauxite Hills operation north of Weipa in Queensland, Australia

As of earlier this year, Metro's debt was $42.1 million, with most of an expansion set to cost $51.4 million going towards a "floating terminal (FT) that can load larger, ungeared ocean-going vessels (OGVs),...

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