Metro Mining's Queensland Bauxite Mine Exceeds Expansion Target in Q4

MT Newswires Live

Jan 06, 2025

Metro Mining (ASX:MMI) said that its Bauxite Hills Mine in Queensland operated at and at times exceeded the expansion project target rate of 7 million wet metric tons (WMT) per annum in the fourth quarter of 2024, according to a Monday filing with the Australian bourse.

Despite challenging weather in December, the mine set a new annual shipment record of 5.7 million WMT, a 24% increase from 2023, the filing said.

The mine shipped 2.1 million WMT in Q4, with 480,000 WMT in December. Severe weather, including high waves and a two-day shutdown of the Ikamba terminal, disrupted some operations but the terminal's resilience allowed continued loading, the filing added.

The company aims to ship 6.5 million to 7 million WMT this year.

Shares of the company fell nearly 2% in recent Monday trade.

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Severe weather, including high waves and a two-day shutdown of the Ikamba terminal, disrupted some operations but the terminal's resilience allowed continued loading, the filing added.</p><p>The company aims to ship 6.5 million to 7 million WMT this year.</p><p>Shares of the company fell nearly 2% in recent Monday trade.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"IE000M9KFDE8.USD","symbol_name":"NEUBERGER BERMAN US LARGE CAP VALUE \"A\" (USD) ACC","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2501942528","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2501942528","pubTimestamp":1736123882,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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Severe weather, including high waves and a two-day shutdown of the Ikamba terminal, disrupted some operations but the terminal's resilience allowed continued loading, the filing added.The company aims to ship 6.5 million to 7 million WMT this year.Shares of the company fell nearly 2% in recent Monday trade.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"dataReport","news_rank":0,"symbols":[],"gpt_button":1,"need_auth":false,"code":"91000000","status":"200"}}}