THE BOURSE WHISPERER: Metro Mining (ASX: MMI) has recommenced operations at the company’s Bauxite Hills mine, north of Weipa, marking the end of the wet season.
Metro focus during the wet months was on expanding the project’s production target for 2019.
Metro carried out maintenance on fixed and mobile plant, completed upgrade and beautification works in the camp, and finished haul road maintenance and upgrades.
In readiness for an increase in production in 2019 the port area was increased in size and the layout changed to improve traffic flow.
Stockpile management systems were modified to improve quality control systems.
Mining and haulage operations commenced in late March/early April, focusing on building stocks in preparation of the first ship.
Screening, stockpiling and barge loading at the port is underway, as are ship-loading activities from the stocks on hand with a second ship due to arrive soon.
Both shipments are to be delivered to Metro’s foundation customer Xinfa.
The company indicated it was progressing the Definitive Feasibility Study (DFS) for Stage 2 of the project as planned and is anticipated to be finalised within this quarter.
“We are very pleased with what has been achieved on site and welcome our new and returning personnel to Bauxite Hills,” Metro mining managing director and CEO Simon Finnis said in the company’s announcement to the Australian Securities Exchange.
“Now we have laid the groundwork I am very confident the team will meet this calendar year’s revised production target of 3.5 million Wet Metric Tonnes (WMT) and build on last years’ successes.
“After the break for the wet season we are very much looking forward to getting back into operation.”