Brief: Metro Mining Agrees Offtake Agreements For Up To 5 MT For 2023 For Bauxite Market

Metro Mining

13/04/2023 01:38

April 13 (Reuters) - Metro Mining Ltd  MMI.AX :
    * AGREED OFFTAKE AGREEMENTS FOR UP TO 5 MT FOR 2023 FOR
BAUXITE
MARKET
    * SECURED Q2 ’23 FOB  EQUIVALENT PRICE OUTCOMES ABOUT 30%
HIGHER
THAN CY 2022 ON OPEN VOLUMES FOR BAUXITE MARKET
    * PLANNED BAUXITE PRODUCTION RATE IS 3.5 TO 4 MT/A IN Q2 AND
THEN
RAMPING UP IN Q3 TO 5 TO 6 MT/A RATE
    * PRODUCTION ESTIMATE FOR CY 2023 IS 4.5 MT TO 5 MT FOR
BAUXITE
PRODUCTION
    * CURRENTLY HAVE OFF-TAKE CONTRACTS OF UP TO 5M WMT IN 2023
ON WAY
TO TARGET OF 6 TO 7M WMT FOR 2024

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