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Metro Mining (MMI) – First Shipment Amidst Strong Bauxite Macro

    Home Latest Research Metro Mining (MMI) – First Shipment Amidst Strong Bauxite Macro
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    Metro Mining (MMI) – First Shipment Amidst Strong Bauxite Macro

    By admin | Latest Research | 0 comment | 18 April, 2018 | 0

    Metro Mining Logo

    Metro Mining (MMI) is on the cusp of its first shipment from the Bauxite Hills Project in Northern Queensland. Product is currently being stockpiled with barging and ship loading to commence from the 18th April. MMI’s first sales are fortuitously timed amidst positive macro factors, such as US Sanctions on Russian global major Rusal and Chinese refinery restarts, which are pushing up alumina and aluminium prices. MMI will ship at an initial 2Mtpa rate then ramp up to 6Mtpa over four years, making it the largest Australian bauxite exporter after RIO.  

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