Metro Mining Restarts Bauxite Hills Operations as Ikamba Refit Advances

Metro Mining Limited ( (AU:MMI) ) just unveiled an update.

Metro Mining has completed its wet season maintenance at the Bauxite Hills Mine and begun restarting operations on 11 March, supported by pre-loaded bauxite on barges and sizeable run-of-mine stockpiles while initial mining focuses on pre-stripping, grade control and road works. The company’s Ikamba floating transfer vessel is 40% through a major dry-dock program and is due back by late April, with interim chartered geared ships and dual-loading alongside the TSA Skardon crane helping maintain shipping throughput and customer deliveries despite a soft bauxite market and higher freight costs that are pressuring West African competitors, leaving Metro protected by fixed-rate long-term freight contracts and guiding 2026 shipments of 6.6–7.1 million tonnes.

The most recent analyst rating on (AU:MMI) stock is a Buy with a A$0.15 price target. To see the full list of analyst forecasts on Metro Mining Limited stock, see the AU:MMI Stock Forecast page.

More about Metro Mining Limited

Metro Mining Limited is an independent Australian bauxite producer and explorer operating the 100% owned Bauxite Hills Mine on the Weipa bauxite plateau in Cape York, North Queensland. The company supplies high-alumina bauxite via very large ore carriers to international customers and maintains agreements with Traditional Owners, supporting significant Indigenous employment and regional economic activity.

Average Trading Volume: 11,881,251

Technical Sentiment Signal: Sell

Current Market Cap: A$399.4M

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