Metro Mining’s bauxite shipment dropped by 12.76pc in Q3 (July-Sept) from the prior-year period. The Australian company’s mined bauxite also dropped by 25.35pc in the quarter ending September from the prior-year period, according to their statement.
Its bauxite output was 1.06mn wmt, down from 1.42mn wmt in the prior-year period. Metro Mining’s bauxite production till Sep 2020 was 2.481mn wmt.
Its total shipments were 1.23mn wmt in September quarter, down from 1.41mn wmt in the prior-year period. In the Jan-Sept period, 2.481mn wmt of shipments were reported.
Metro announced that it is focusing on Stage 2 expansion aimed at long term development of Bauxite Hills which have been impacted by uncertainty over the outlook for global growth due to COVID-19 pandemic. It is expected to be complete by 2022.
| Period | 2020 Sept Quarter | 2019 Sept Quarter | PC change | YTD 2020 | YTD 2019 | PC Change2 |
| Bauxite Shipped | 1.23mn wmt | 1.41mn wmt | -12.76pc | 2.48mn wmt | 2.25mn wmt | 10.22pc |
| Bauxite Mined | 1.06mn wmt | 1.42mn wmt | -25.35pc | 2.48mn wmt | 2.30mn wmt | 7.82pc |