MMI metro mining limited
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News: MMI Metro Mining Agrees Offtake Agreements For Up To 5 MT For 2023 For Bauxite Market

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    13/04/23
    10:40
    Post #: 67251694

    April 13 (Reuters) - Metro Mining Ltd (MMI) :

    • 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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