Metro Mining Limited (ASX:MMI) (Metro) is pleased to provide the following update to its sales program:
- Execution of two additional binding offtake agreements for sales in 2018 and 2019;
- Approximately 90% of Metro’s planned 2018 production has now either been sold or contracted for sale, along with 80% of its 2019 production;
- Sales have been made into Henan Province (inland China) where supply of domestic bauxite has been hindered by recent mine closures;
- Metro is continuing its negotiations to sell the remaining 2018 and 2019 bauxite cargoes;
- The sales confirm rising demand for Metro bauxite in China;
- Shipments have now been made to four Chinese customers (including foundation customer Xinfa).
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