MTE 0.00% 3.0¢ metrocoal limited

The merged company already has one of the biggest Chinese...

  1. 6,072 Posts.
    The merged company already has one of the biggest Chinese aluminium smelting and refining companies Xinfa on the register with a 1mtpa off-take agreement.
    Further off-take agreements to be announced throughout 2013.
    This will certainly help the funding of the Pisolite bauxite project with debt and equity.
    I think this is a great move medium term for MTE shareholders.
    Supposedly from January 2014 Indonesia will stop all exports of Bauxite to China. Of China bauxite imports, 80% came from Indonesia. Who will help fill this gap?
    In my opinion coal is gone until the end of the decade.
    Go bauxite, go aluminium!
 
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Currently unlisted public company.

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