Metro Mining Limited
0.75
AUD
-0.04
(-5.66%)
ISIN
AU000000MMI6
Return %
Stock
S&P 500
1Y
-46.43
14.20
3Y
87.50
81.12
5Y
87.50
68.34
Capital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Semi-annual Revenue
AUD
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in mil. unless spec.Semi-annual Earnings Per Share
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in mil. unless spec.Semi-annual Dividends Per Share
AUD
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in mil. unless spec.Company Description
- CEO
- Simon Wensley
- Full Time Employees
- 115
- Sector
- Non-energy minerals
- Industry
- Other metals/Minerals
- Address
- 135 Wickham Terrace Brisbane QLD Australia 4000
- IPO Date
- Dec 4, 2009
- Website
- metromining.com.au
- Similar Companies
- Business
- Metro Mining Limited (ASX:MMI) is an Australia-based mining and exploration company focused on the production and sale of bauxite ore from its flagship Bauxite Hills Mine located approximately 95 kilometers north of Weipa in Cape York, North Queensland; the mine combines the Bauxite Hills and Skardon River tenements under two Environmental Authorities, employs a straightforward flowsheet of mining, hauling, screening, barging, and transshipping to ocean-going vessels about 10 nautical miles offshore, and produces high-alumina Direct Shipping Ore (DSO) bauxite for export primarily to Chinese customers for refining into alumina and aluminum. As of December 2024, the operation holds JORC Reserves of 77.7 million tonnes and total Resources of 114.4 million tonnes, with historical annual capacity of approximately 4 million wet metric tonnes (WMT) expanded to 7 million WMT through infrastructure upgrades including enhanced ore haulage fleets, pit and port loading capacities, and marine assets completed in 2024; the mine has been operational since April 2018, achieved record shipments of 5.7 million WMT in calendar year 2024, and targets 6.5 to 7.0 million WMT for 2025 supported by resilient market conditions and price indexing to alumina benchmarks. Founded in 2006 and headquartered at Level 4, 135 Wickham Terrace, Brisbane, Queensland, the company serves the aluminum supply chain critical for renewable energy, electric vehicles, and infrastructure, with all revenue derived from China-based smelters and traders; it maintains a tenement package spanning about 1,900 square kilometers in Cape York and pursues brownfield expansions alongside exploration opportunities. Recent developments include multi-year offtake agreements for 2025-2026 with key Chinese partners such as Xinfa Aluminium Group (extending their long-term contract), China Aluminium International Trading Group (Chalco trading arm controlling about 20% of China's alumina capacity), Aluminum Corporation of China (Chalco), Emirates Global Aluminium, and Shandong Lubei Enterprise Group, securing approximately 6.9 million WMT or 98% of 2025 minimum targets to enhance revenue stability and market positioning; in November 2024, Metro restructured its senior debt and private royalty facilities with Nebari Natural Resources Credit Funds I and II through a competitive process, adding up to US$21.5 million in new tranches to an existing US$30 million facility for a total debt of US$51.5 million post junior debt repayment, lowering 2025 interest costs by US$4 million, reducing borrowings due to US$23 million from US$39 million, deferring capital repayments to July 2025, and significantly de-risking the balance sheet ahead of the wet season; earlier in 2024, the company secured a US$20 million funding package and raised A$45 million in equity from institutional and retail investors to fund wet season operations, expansion commissioning, and junior debt repayments of A$39 million to Ingatus AG and Lambhill Pty Ltd, alongside operational enhancements for improved production consistency and all-in sustaining costs.
Company News
Utnämning av icke-verkställande styrelseledamöter
Metro Mining Limited (MMILF) Q2 2026 Earnings Call Transcript
Metro Mining Limited (MMILD) Q1 2026 Earnings Call Transcript
Metro Mining Limited (MMILF) Shareholder/Analyst Call Prepared Remarks Transcript
Metro Mining Limited (MMILF) Q4 2025 Earnings Call Transcript
Metro Mining Q4 Earnings Call Highlights