- First two shipments to Xinfa have arrived in China
- Sales revenue (provisional payment) from those vessels has been received
- Attractive sales price achieved based on high alumina prices
- Operational ramp-up accelerating with ship loading rates continuing to increase
- Three vessels successfully shipped to date and fourth vessel loading underway
- First spot sale finalised and discussions ongoing with other customers for further sales.
Metro Mining Ltd (ASX:MMI) (Metro) is pleased to announce the receipt of sales revenue (provisional payment) and successful arrival in China of the first two shipments, totaling approximately 123kt of bauxite. Metro is also pleased to provide an update on ramp-up activities at the Bauxite Hills Mine.
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