Construction of the Bauxite Hills Mine in North Queensland is set to commence, with all funding required for the development completed by Metro Mining Limited.
The company has raised $38 million to fund the development of the Bauxite Hills Mine – located approximately 95 kilometres north of Weipa on Western Cape York.
“We are fully funded and are now immediately commencing full construction of the Bauxite Hills Mine,” Metro Mining Managing Director Simon Finnis said.
Once fully operational, the mine will employ up to 200 people, with up to 30 per cent indigenous workforce target.
Works will begin immediately, and the mine has a planned production of 2Mtpa – according to Metro Mining’s feasibility study – which will increase to 6Mtpa over the mine’s first four years. The Bauxite Hills Mine has a mine life expectancy of 17 years.
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Source: Australian Mining and Metro Mining Limited
Following the completion of a three-year mining services contract awarded in 2015, Downer EDI has been awarded a new three-year contract valued at approximately $120 million which will get the company to continue providing mining services at the CSA underground copper mine in Cobar, New South Wales.
Mining services company Pit N Portal (PNP) – which was recently acquired by Emeco Holdings – has been awarded a contract by Mincor Resources to deliver works at its wholly-owned Kambalda Nickel Operations in Western Australia.
Gold Fields has awarded Barminco Holdings two four-year contracts with a combined value of $335 million, which extends Barminco’s existing mining services at the Agnew gold mine in Western Australia.
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