Metro Mining announced that it has signed two additional binding offtake agreements with China’s Xinfa Group, which has significant refining and smelting operations in Shandong, Shanxi, Guangxi and Xinjiang provinces, and is a major company in the aluminium business.
In May 2018, Metro Mining dispatched a 62,000-tonne shipment of bauxite to the Xinfa Group from its Bauxite Hills Mine in Queensland, which commenced mining operations in April that same year.
Metro Mining Managing Director and CEO Simon Finnis said the new agreements commence next year and commit Xinfa to a total of 7 million dry metric tonnes (DMT) under the two contracts, aligning with Metro’s Stage 2 expansion plans.
“Xinfa was Metro’s foundation customer so these latest agreements are testimony to the extremely strong personal and business partnership that exists between Xinfa and Metro,” Mr Finnis said.
“It is a relationship we value highly and will always endeavour to support and grow. Importantly, these contracts demonstrate Xinfa’s continued support towards Metro and its strategy around the Stage 2 expansion.”