Tropical cyclone causes delays for Metro mining

Company News

by Rachael Jones

Metro mining (ASX:MMI) has flown non-essential staff and contractors out of the Bauxite Hills mine as a precautionary measure due to the arrival of Tropical cyclone Nora.

The bureau of meteorology has advised that the cyclone has developed in the Gulf of Carpentaria.

The mine is within range of the possible cyclone path.

This move may delay start-up mining operations by up to one week. However the 2018 production target currently remains unchanged.

Shares in Metro mining (ASX:MMI) are trading 5.26 per cent lower to $0.27
 

Rachael Jones

Finance News Network
Rachael comes to FNN after working for Fairfax Media covering international breaking news, including the global economy and politics. She joined FNN in February 2018. She has reported on Australia’s finance news for various organisations since 2000 and has also interviewed a number of key business players, including Bill Gates. Rachael has also worked across a number of countries, including the UK and the US.