Articles On Metro Mining (ASX:MMI)

Stockhead’s Top 10 at 10, published at 10.15am each trading day, highlights the best (and worst) performing ASX small caps in morning trade using live data. It’s a short, sharp update to help frame the trading day by showing the biggest mov...

The African nation of Guinea has just experienced its third Coup D’Etat in under 40 years, ending the 11 year reign of President Alpha Conde, who was captured in the maelstrom. What happens in Guinea will be closely watched by the iron ore...

The ASX 200 rose 0.07%, closing at 7,529 points while the ASX Emerging Companies Index climbed 1.21% to close at 2,461. Energy lost 1.68% and resources lost 1.09% but most other sectors gained with the best being tech which rose 1.15%.   TO...

The ASX 200 finished in the red today, as the big end of town played second fiddle to the microcap Emerging Companies index which posted a solid ~0.7% gain. Mining stocks dragged on the broader index, as BHP (ASX:BHP) traded ex-dividend (it...

In the week since we published the first part of our series on the global shipping crisis, are freight rates still outlandishly high? Picture: Fargo, Working Title Films (1996).As we saw last week, experts believe it will take years for the...

Whisky manufacturer Lark Distilling Co (ASX:LRK) kept things warm during winter, leading a group of 25 stocks that posted a 14-day RSI above 70 last week. Each week, Stockhead recaps ASX stocks that are “running hot” as deduced by the Relat...

Each week, Stockhead recaps ASX stocks that are “running hot” as deduced by the Relative Strength Index (RSI). The RSI is a technical gauge which measures how trading momentum is affecting the price action. A reading of 70 is seen as the le...

Summary Splitit launches InStore with multiple new merchants Sandfire Resources gets mining licence for the Motheo Project in Botswana Metro Mining jumps on signing two binding spot cargo agreements The S&P/ASX200 closed up We...

Closing Bell is Stockhead’s daily recap of the ASX’s biggest winners and losers. Data is taken at the market close – at 4.10pm AEDT. Stocks highlighted in yellow rose (or fell) after making announcements during intraday trade.   WINNERS Scr...

Closing Bell is Stockhead’s daily recap of the ASX’s biggest winners and losers. Data is taken at the market close – at 4.10pm AEDT. Stocks highlighted in yellow rose (or fell) after making announcements during intraday trade.   WINNERS Scr...

Closing Bell is Stockhead’s daily recap of the ASX’s biggest winners and losers. Data is taken at the market close – at 4.10pm AEDT. Stocks highlighted in yellow rose (or fell) after making announcements during intraday trade.   WINNERS Scr...

BATTLING bauxite miner Metro Mining has launched a A$25.5 million fundraising comprising a $3.3 million placement and $22.2 million ...

As stimulus-charged economies reopen, online shopping expands and Covid outbreaks continue to impact global ports, the overheated shipping market is continuing to explode. Want to move something halfway across the world in a 40ft container?...

Metro Mining has signed two offtake agreements with Xinfa, locking the Chinese-based aluminium producer into Metro’s Bauxite Hills mine until at least 2025. The two contracts lock Xinfa in for seven million dry metric tonnes of Metro’s baux...

Large and small caps had diverging fates on the ASX today with the former closing 0.32 per cent down from yesterday at 7,093 points while the ASX Emerging Companies Index rose 1.21 per cent to close at 2,159. The various ASX sectors were al...

An additional news report on the recommendation, valuation, forecast and opinion changes for ASX-listed equities. In addition to The Australian Broker Call Report, which is published and updated daily (Mon-Fri), FNArena has now added The Au...

The ASX notched up gains today despite one of the biggest IPOs this year dropping on debut. The ASX 200 rose 0.98 per cent to close at 7,115 and every sector was in the green except utilities. The best were consumer discretionaries, health...

Biotech Global Health (ASX:GLH) topped this week’s Running Hot list, in the wake of more steady gains in May which has seen its share price rise by almost 500 per cent over the past 12 months. Each week, Stockhead recaps ASX stocks that are...

These appointments will significantly enhance the experience and skill set available to Metro in successfully managing and growing its bauxite business.

Closing Bell is Stockhead’s daily recap of the ASX’s biggest winners and losers. Data is taken at the market close – at 4.10pm AEDT. Stocks highlighted in yellow rose (or fell) after making announcements during intraday trade. WINNERS Scrol...

Closing Bell is Stockhead’s daily recap of the ASX’s biggest winners and losers. Data is taken at the market close – at 4.10pm AEDT. Stocks highlighted in yellow rose (or fell) after making announcements during intraday trade. WINNERS Scrol...

Metro Mining has flagged “historically high” freight costs for shipping its bauxite product, which the company anticipates will negatively impact prices of the commodity. The company stated Chinese buying patterns, higher commodity prices,...

The year covered by the Sustainability Report was a “very difficult year” due to COVID-19 but the company hopes to continue its journey to increase its sustainable future as operations return to normal in the year ahead.

The Bauxite Hills Mine is 95 kilometres north of Weipa on Western Cape York in Far North Queensland, where Metro holds a total tenement package covering 1,900 square kilometres.

Source: Funtay, Shutterstock Summary Alcoa Corporation released its first-quarter earnings report with robust figures despite COVID-19 impacts. AWAC is a joint venture between Alcoa Inc. and Alumina Limited Alumina Limited received A...

Source:Oyls, Shutterstock Summary Metro Mining (ASX:MMI) is planning to restart the Bauxite mine operations after the wet season. Rox Resources (ASX:RXL) is set to spin-out its nickel and base metal assets into a new company. Metr...

Metro Mining will recommence operations at the Bauxite Hills mine in Queensland following an early wet season shutdown from September 2020. Operations are planned to resume on April 19, with the company aiming to mine and ship four million...

The company has implemented several operational changes to improve efficiencies and will continue to focus on ways to improve systems and processes.

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The early wet season shutdown in September provided the opportunity and time to streamline operations in the December quarter by identifying a range of initiatives aimed at lowering the unit cost base at Bauxite Hills.

The company is confident that the sector is showing signs of improvement with aluminium and alumina prices recovering from COVID driven lows and expects to see improved trading conditions in 2021.

The company is confident that the sector is showing signs of improvement with aluminium and alumina prices recovering from COVID driven lows and expects to see improved trading conditions in 2021.

ShareCafeMMI – Morgans rates the stock as Add Metro Mining mined and shipped 2.48m wet metric tonnes (WMt) of bauxite in 2020 (to September), mainly into its Xinfa contract. Other sales contracts didn’t complete and production was suspended...

SEPTEMBER quarter shipments of 1.2 million tonnes have taken Metro Mining's exports for the full year to nearly 2.5 million tonnes, with the company ...

Metro Mining has continued to increase shipments despite a slowdown in mining activities at the Bauxite Hills mine in Queensland. The company’s August shipping rates returned to the levels recorded prior to July. Metro shipped 520,000 wet m...

Today is the kind of day that will put short-term investors on edge. You know, the kind of investors who were greedily eyeing the huge share price gains of leading tech and healthcare shares and decided to pile in for a quick buck. Short-t...

Metro Mining has moved into its planned wet season shutdown earlier than usual at its Bauxite Hills mine in Queensland. The decision was made following the ongoing impact of COVID-19 on market conditions across the aluminium supply chain. M...

Metro Mining may shut down the Bauxite Hills mine in Queensland for the wet season early if sales don’t pick up over the next month. The company has not sold bauxite for this year outside of its foundation Xinfa contract, which amounts to 2...

Metro's Bauxite Hills Mine ore is being shipped to meet China's strongly growing bauxite market; where Cape York bauxite is well known and highly regarded.

The planned June quarter production is already sold and the shipping schedule has been finalised.

Metro Mining expects to put back its planned $51.4 million Bauxite Hills expansion due to market uncertainties sparked by COVID-19. The company said completion of stage two of the expansion was not expected to occur prior to the second half...

The planned June quarter production is already sold and the shipping schedule has been finalised.

The Bauxite Hills Mine is 95 kilometres north of Weipa and is one of the largest independent projects within the Weipa Bauxite Region.

Having no landfill on-site means all of the mine’s wastes are either recycled and remediated on-site or moved off-site and transported to certified waste contractors.

The company’s land-based activities started on the 2nd of April on day shift only, moving to the regular 24 hours a day, seven days a week basis on the 8th of April.

Metro Mining’s first ship for 2020 has arrived for loading at Skardon River, Queensland, as part of Xinfa Group’s two million dry metric tonnes purchase this year. The ship, named Vialli, commenced loading on Tuesday morning (April 14). It...

Favourable weather conditions have allowed mining to get off to an excellent start with 142,000 wet metric tonnes of bauxite mined.

The Queensland government has agreed to Metro Mining’s $47.5 million Northern Australia Infrastructure Facility (NAIF) loan facility for the Bauxite Hills mine in Queensland’s far north. Metro Mining intends to use the loan facility to fund...