Metro Mining’s bauxite shipment dropped by 12.76pc in Q3 (July-Sept) from the prior-year period. The Australian company’s mined bauxite also dropped by 25.35pc in the quarter ending September from the prior-year period, according to their statement.
Its bauxite output was 1.06mn wmt, down from 1.42mn wmt in the prior-year period. Metro Mining’s bauxite production till Sep 2020 was 2.481mn wmt.
Its total shipments were 1.23mn wmt in September quarter, down from 1.41mn wmt in the prior-year period. In the Jan-Sept period, 2.481mn wmt of shipments were reported.
Metro announced that it is focusing on Stage 2 expansion aimed at long term development of Bauxite Hills which have been impacted by uncertainty over the outlook for global growth due to COVID-19 pandemic. It is expected to be complete by 2022.
|Period||2020 Sept Quarter||2019 Sept Quarter||PC change||YTD 2020||YTD 2019||PC Change2|
|Bauxite Shipped||1.23mn wmt||1.41mn wmt||-12.76pc||2.48mn wmt||2.25mn wmt||10.22pc|
|Bauxite Mined||1.06mn wmt||1.42mn wmt||-25.35pc||2.48mn wmt||2.30mn wmt||7.82pc|