Bauxite expansion delayed as COVID-19 bites
Metro Mining expects to put back its planned $51.4 million Bauxite Hills expansion due to uncertainty sparked by the COVID-19 crisis.
Completion of Stage 2 and the associated expanded production was not expected to occur prior the second half of 2021, Metro said.
The Stage 2 expansion, taking the Cape York operation to 6 million WMT (Wet Metric Tonnes) per annum, has attracted a NAIF offer of a loan facility of up to $47.5 million.
In an update this week, Metro said work had been completed on the detailed engineering and design work, and that contractual negotiations. . .
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