Metro Mining Restores Bauxite Hills Operations After Cyclone Narelle

Metro Mining Limited ( (AU:MMI) ) has provided an announcement.

Metro Mining reports that operations at its Bauxite Hills Mine have largely normalised after the wet season and Tropical Cyclone Narelle, which caused about seven days of lost production but no infrastructure damage. The Port of Skardon has reopened, barging is ramping back to full capacity by mid-April, and March shipments still reached about 100,000 wet metric tonnes, supporting the company’s 2026 shipment guidance of 6.6 to 7.1 million tonnes.

The Ikamba Offshore Floating Terminal has completed dry-dock maintenance in Indonesia, refuelled in Singapore and is now en route back to Bauxite Hills, with arrival targeted for late April, subject to weather. The return of Ikamba and restoration of full barging capacity are expected to underpin Metro Mining’s export program, reinforcing operational resilience and continuity for customers and regional stakeholders in Far North Queensland.

The most recent analyst rating on (AU:MMI) stock is a Buy with a A$0.07 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 plateau in Cape York, North Queensland. The company supplies high-alumina bauxite, shipping directly to customers in very large ore carriers, and maintains agreements with Traditional Owners while employing a high proportion of Indigenous workers in the region.

Average Trading Volume: 12,251,566

Technical Sentiment Signal: Buy

Current Market Cap: A$417.9M

See more data about MMI stock on TipRanks’ Stock Analysis page.