Metro Mining Limited (ASX: MMI) has extended the Strategic Cooperation Agreement with Xiamen Xiangsen Aluminium Limited for 1.5 Million Dry Metric Tonnes per annum by 2 years to 2026. . Binding terms for the 2023 offtake component have also been agreed taking total binding offtake to 5 Million Wet Metric Tonnes for 2023.
Earlier on 25 November 2021, the Company announced an expanded as well as extended strategic LOI with Xiangsen Aluminium for the supply of approximately 5 Million Wet Metric Tonnes of bauxite for delivery between 2022 and 2024. This has been extended by an additional 3.4 Million WMT over two years into 2026. The quality specification continues to be the Metro Blend.
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Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.