62,000 tonnes of bauxite from Bauxite Hills has set sail for China

In Exploration, Featured, Latest News, Resource Extraction & Processing
Bauxite

The first shipment of approximately 62,000 tonnes of bauxite from Metro Mining’s (ASX: MMI) Bauxite Hills Mine has set sail for China.

The Bauxite Hills mine is located 95 kilometres north of Weipa on Queensland’s western Cape York.

The Hong Kong flagged bulk cargo vessel “Spring Oasis” is headed for Shandong, China where the Xinfa Group, one of China’s largest integrated aluminium companies, will take delivery of the bauxite.

Xinfa has significant refining and smelting operations in Shandong, Shanxi, Guangxi and Xinjiang Provinces and Metro has a 4-year binding off-take agreement to supply Xinfa with one million tonnes in the first year followed by 2Mtpa for each of the next 3 years.

Pricing under the Agreement is linked to a well-established alumina price index. Specific details remain commercial-in-confidence.

Metro Mining Managing Director Simon Finnis said the first shipment was an extremely exciting event.

“This has been another job well done and is a credit to the entire Metro team and our contractors.  The marine transportation fleet performed well, in line with expectations, Mr Finnis said.

The Bauxite Hills Mine has an estimated Ore Reserve of 92.2Mt and a total Resource of 144.8Mt with an estimated 17-year mine life.  The mine now becomes a globally significant bauxite mining operation and will feed the growing seaborne bauxite market

You may also read!

Agreement fuels new bio opportunities for Queensland

Queensland has officially joined the global below50 campaign to support the production and use of sustainable biofuels after signing

Read More...

‘We want you’ to apply for a job in resources

Queensland’s resources sector has hundreds of job vacancies from Townsville and Mt Isa in the North, to Toowoomba and

Read More...

CSIRO News Release – Australia to lead lithium-ion battery recycling charge

A new battery recycling industry to tackle Australia’s annual 3300 tonnes of lithium-ion battery waste could be on the

Read More...

Leave a reply:

Your email address will not be published.

Mobile Sliding Menu