Metro Mining achieves its production guidance for 2018

Company News

by Rachael Jones

Metro Mining (ASX:MMI) has achieved its production guidance for 2018 and has shipped over 2 million Wet Metric Tonnes (WMT).

The 33rd and final vessel for 2018, MV Sadlers Wells, completed loading on the 28 December and has departed for China.

During the wet season of far north Queensland production ceases at Bauxite Hills.

Despite suspending ship loading activities for 6 days due to weather impacts from ex Tropical Cyclone Owen in the third week of December, approximately 220,000WMT of bauxite was loaded this month.

Metro has also decided to transition to Owner/Operator for the mining operation, and as a result it has terminated the Mining Services Agreement with SAB Mining.

Shares in Metro Mining (ASX:MMI) are trading flat at $0.14.
 

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.