Metro Mining Limited (ASX:MMI) is pleased to announce it has executed definitive and binding documentation (Agreements) with Greenstone Resources, whereby Greenstone will become a 19.98% shareholder in Metro and provide Metro with ongoing strategic and financial support for the development of Metro's flagship Bauxite Hills Project.
Metro Mining Ltd
Metro Mining Limited (ASX:MMI) is an Australian exploration and mining company based in Brisbane, Australia. The company emerged from MetroCoal Ltd's 2014 takeover of Cape Alumina Ltd. Metro Mining believes commodity diversification delivers better shareholder value.
We have major bauxite projects and one of Australia's largest thermal coal resources, in Queensland's Sarut Basin.
- Bauxite Resources in Cape York – 53.6 Million Tonnes
- Thermal Coal Resources in the Surat Basin – 4.5 Billion Tonnes
Our immediate focus is on the Bauxite Hills Project in Western Cape York
Metro Mining Ltd (ASX:MMI) announced that it has signed a bauxite off-take non-binding Memorandum of Understanding (MoU) with the Xinfa Group. Xinfa Group is one of the largest integrated aluminium Companies in China.
Asian Activities Report for November 18, 2011: MetroCoal Limited (ASX:MTE) Increases Inferred Coal Resource of the Columboola Project to 1.297 Billion Tonnes
Asian Activities Report for November 18, 2011 includes: MetroCoal Limited (ASX:MTE) announces a significant increase in the inferred coal resource of the Columboola Project from 540 million tonnes to 1.297 billion tonnes; Marmota Energy Limited (ASX:MEU) announces an initial resource estimate of 4.36 million tonnes of uranium mineralisation for its Saffron deposit within the Company's Junction Dam uranium project; Gryphon Minerals Limited (ASX:GRY) announces more outstanding drilling results from the Samavogo Gold Deposit at the Company's flagship Banfora Gold Project in Burkina Faso; Brisbane-based Frontier Solar Limited (SIM:FSO) has launched a A$6 million Initial Public Offering, expected to list on the SIM Venture Securities Exchange in late December 2011.
As a result of a significant increase in MetroCoal Ltd's (ASX:MTE) share price last week and regular questions raised by shareholders and investors; Metallica Minerals Limited (ASX:MLM) is pleased to provide an update on its cash position and the approximate value of the Company's ASX-listed investments, as of today's date. Similar updates will be issued periodically.
Following a significant increase last week in the share price of MetroCoal Limited(ASX:MTE) (Metallica 45.3% shareholding) and frequent questions from shareholders and investors, Metallica Minerals Limited (ASX:MLM) is pleased to provide an update on its cash position and the approximate value of the Company's ASX-listed investments, as of today, 19 April, 2011. Similar updates will be issued periodically.
Asian Activities Report for March 31, 2011: Guildford Coal (ASX:GUF) To Acquire Significant Thermal And Coking Coal Assets In Mongolia
Asian Activities Report for March 31, 2011 includes: Guildford Coal Limited (ASX:GUF) has reached a binding agreement for the acquisition of thermal and coking coal projects in Mongolia; MetroCoal Limited (ASX:MTE) intersected thicker than expected coal seams at Bundi Coal Project; Rakon Limited (NZE:RAK) is on track to open its new plant in China in July; Resource Generation Limited (ASX:RES) secures water for its Boikarabelo coal mine in South Africa.
Australian Market Report of February 11, 2011: Jervois Mining (ASX:JRV) Receives Positive Test Report For The Direct Production Of Scandium-Aluminum Alloy
Australian Market Report of February 11, 2011 includes: Jervois Mining Limited (ASX:JRV) has received an independent laboratory test work report demonstrating the Nyngan resource's potential of large scale production of scandium-aluminum alloys; Brighton Mining Group Limited (ASX:BTN) announce further soil sample results from Antrong Gold Project; Iron Ore Holdings Limited (ASX:IOH) is to conduct a concept study for the Bungaroo South Project; MetroCoal Limited (ASX:MTE) has commenced drilling at Bundi Coal Project in south east Queensland.
Australian Market Report of October 5, 2010: Leyshon Resources Limited (ASX:LRL) Targets Coking Coal Assests In South Western Mongolia
Australian Market Report of October 5, 2010 includes: Leyshon Resources Limited (ASX:LRL) is targeting coking coal exploration assests in South Western Mongolia; Brumby Resources Limited (ASX:BMY) reported high grade manganese rock samples up to 52% Mn; MetroCoal Limited (ASX:MTE) joint venture with China Coal is underway; Cortona Resources Limited (ASX:CRC) discovered new shallow gold mineralised structures in NSW.
Australian Market Report of August 26, 2010: Peak Resources (ASX:PEK) Rare Earth Results Encouraging
The Australian market opened firmer on Thursday as Wall Street ended its losing streak overnight. The broader All Ordinaries Index rose 0.57 per cent shortly after the opening bell.
Australian stocks opened higher on Wednesday after Wall Street rallied on encouraging economic data and positive quarterly earnings from retail giant Wal-Mart (NYSE:WMT). Metals and oil were all trading higher on Tuesday.