Metro Mining to postpone bauxite expansion plan due to market uncertainty caused by COVID-19
Views : 440
Update time : 2020-05-29 19:52:53
Metro Mining Limited, an Australia-based exploration and mining company, planned to postpone its US$51.1 million bauxite expansion plan in Queensland due to market uncertainty caused by the COVID-19 epidemic. The plan was originally scheduled to be finished in the second half of 2021.
Metro Mining’s chairman Stephen Everett said that the detailed engineering and design work has been completed and the contracts with main suppliers have progressed well. Although the uncertainty of global economic growth and weak aluminum and alumina prices affected the schedule of the bauxite project, Metro Mining was still running its operations stably.
