Metro Mining Ltd (ASX:MMI)

Metro Mining: Debt restructure 'significantly' de-risk via Mining.com.au #ASX $MMI #resources #bauxite #aluminium #energy #EV

Metro Mining Ltd (ASX:MMI) is pleased to announce that the optimisation activities being undertaken at the Bauxite Hills Mine are continuing to deliver good outcomes, with mining of 895,012 WMT and shipments of 782,672 WMT achieved in November 2024. Shipments were 1% down as compared to October 2024 and 13% up from November 2023. ASX Announcement: https://bit.ly/4fVOAYO #ASX #MMI #resources #bauxite #aluminium #energy #EV

Metro Mining Ltd (ASX:MMI) announces that Greenstone Management (Delaware) II LLC, trading as Greenstone Resources, has sold its 14% shareholding in the company. After eight years as Metro’s largest shareholder, Greenstone Resources has chosen to exit its investment following a process that attracted significant interest. Mark Sawyer, Senior Partner at Greenstone Resources, expressed confidence in Metro’s transformation over the past three years under the leadership of Simon Wensley. He commended the team for creating a strong foundation for a profitable and sustainable future. Metro Mining extends its gratitude to Greenstone Resources for their longstanding support and commitment, which has been instrumental in the company’s development. #ASX #MMI #resources #bauxite #aluminium #energy #EV

Restructure of Nebari Senior Debt and Royalty De-risks Balance Sheet, Lowers Costs and Provides Flexibility via Investing News Network - Australia #ASX #MMI #resources #bauxite #aluminium #energy #EV https://lnkd.in/gJt4snBx

Metro restructures senior debt facility via Mining.com.au #ASX #MMI #resources #bauxite #aluminium #energy #EV

Metro Mining Ltd (ASX:MMI) announces that, after a competitive refinancing process, it has entered into a binding and definitive agreement with Nebari Natural Resources Credit Fund I, LP and Nebari Natural Resources Credit Fund II, LP (collectively, Nebari), for two additional tranches of financing for up to US$21.5 million (A$33M). ASX Announcement: https://bit.ly/4eJMie9 #ASX #MMI #resources #bauxite #aluminium #energy #EV

Navigating the Surge in Global Demand Amidst Aluminum's Ascendancy Amidst a global surge in demand for aluminium, bauxite prices are experiencing an unprecedented rally, reminiscent of the iron ore boom years. The recent supply chain disruptions, notably in Guinea, have caused bauxite prices to skyrocket, creating a lucrative environment for producers like Metro Mining. Another company, Adaro Energy is pivoting towards more sustainable ventures, including the development of an aluminium smelter in Kalimantan. This move strategically positions Adaro at the heart of the aluminium supply chain, emphasising a significant shift towards cleaner energy production. The global aluminium market, heavily reliant on bauxite, is witnessing robust growth, with projections showing an increase from $172.65 billion in 2022 to $235.65 billion by 2027. The Asia-Pacific region, led by China, remains a powerhouse, consuming vast amounts of aluminium primarily for construction and automotive industries, further fuelled by the rise of green technologies such as electric vehicles and renewable energy systems. With bauxite as a pivotal element in aluminium production, the current global landscape shows a tightening supply due to regulatory and environmental challenges, especially in major producing countries like China. This scenario has led to heightened global dependence on bauxite imports, underscoring the strategic importance of Adaro’s expansion into aluminium smelting. "Bauxite is the new iron ore," states industry expert Sam Berridge, highlighting the critical role of logistics in meeting the soaring demand. The current market conditions have made bauxite a strategic commodity with significant implications for global supply chains and future mining endeavours. Source: The Australian Financial Review Adaro Group Ltd Adaro Energy - Harapan Bahtera Internusa Metro Mining Ltd (ASX:MMI) #BauxiteMarket #AluminumIndustry #SustainableEnergy #AdaroEnergy #StrategicExpansion #RenewableResources

Aluminium is indispensable in our modern world, but did you know it all starts with bauxite? At Metro Mining Ltd (ASX:MMI), we are proud to supply the foundation for this vital metal. The journey from bauxite to aluminium is a remarkable process that involves mining, refining, and smelting—essential steps to produce a material used across industries from transportation to construction. Discover how we’re contributing to a sustainable aluminium supply chain. 🌍 Learn More: https://bit.ly/4fT4XF6 #BauxiteMining #AluminumProduction #MetroMining #Sustainability #ASX #MMI #resources #bauxite #aluminium #energy #EV

🌱 Celebrating Success at Metro Mining! 🏆 We’re overjoyed to share that Metro Mining Ltd (ASX) has won the AMEC Environment Award 2024 for our Legacy Kaolin Mine Rehabilitation project! This project, located at our Bauxite Hills Mine at Skardon River, Queensland, was about more than just rehabilitation. It was about honouring the significance of Namaleta Creek—an area deeply valued for its cultural and environmental importance. We took on the challenge of restoring 14 hectares of legacy disturbance left from previous mining activities, ensuring the land is once again stable, self-sustaining, and safe. From our CEO, Simon Wensley: “Metro Mining is very proud to have received the AMEC Environment Award for 2024. This is not just recognition of the technical and engineering execution of the project but the context. We have rehabilitated a large tailings area, adjacent to a creek, which was left as a legacy on our lease from a previous mining project. This was achieved safely and efficiently by the site environmental and operations team whilst Metro was in turnaround mode, so it's kudos to everyone involved at the Bauxite Hills Mine.” This award is a testament to the dedication, hard work, and resilience of our incredible team. A heartfelt thank you to everyone who played a part in this success. You’ve made Metro Mining proud! #Sustainability #EnvironmentAward #Teamwork #MetroMining #CapeYork #MiningRehabilitation #AMECAwards2024

Metro Mining Ltd (ASX:MMI) CEO Simon Wensley says the portfolio of customers is a testament to the company’s bauxite competitiveness to establish a robust and low-risk market positioning. Read more here. https://lnkd.in/ghFwBT58 #miningnews #bauxite #offtakeagreement #asx #mining