Metro Mining Ltd (ASX:MMI)

Metro Mining Ltd (ASX:MMI)


Share Price
$ 0.13
Change
0.01 (8.70 %)
Market Cap
$173.11 m
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Metro Mining Ltd

Metro Mining Ltd's (ASX:MMI) flagship project is the Bauxite Hills Mine within the internationally acclaimed Weipa Bauxite Region.

EPIC: MMI
Market: ASX:MMI
52-week High/Low: A$0.24 / A$0.09
Sector: Mining
Market Cap: $173.11 m
Website: www.metromining.com.au
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Big Picture – A Deep Dive Examination of Metro Mining Ltd


Metro Mining Ltd Snapshot

Metro Mining Limited is an Australian exploration and mining company based in Brisbane, Queensland.

Bauxite Hills Mine
Metro Mining’s Bauxite Hills Mine is approximately 95 kilometres north of Weipa on Western Cape York.

The Bauxite Hills Mine positions Metro as one of the largest independent operations within the international renowned Weipa bauxite region on Cape York where the company’s total tenement package covers approximately 1,800 square kilometres.

(click here for more information on this project)


Coal Projects
Metro Mining’s 4 billion tonne thermal coal resource in Queensland’s Surat Basin is one of Australia’s largest.

Metro has successfully identified a 4 billion tonne thermal coal resource in the Surat Basin.  The coal is ideal as a feedstock for power stations due to its high quality and low sulphur. Deposits will be mined using modern, large scale underground long wall operations.  The company stopped work on its tenements in 2013 due to the depressed coal market and delays in rail infrastructure to Queensland’s Surat Basin.

(click here for more information on this project)


Exploration
Western Cape York

Metro Mining controls approximately 1,300 square kilometres of exploration tenements in western Cape York, a region world-renowned for its high-quality, export-grade bauxite.

(click here for more information on this project)

 

Last updated 12th June 2019

Stephen Everett
Chairman

A graduate of chemical engineering from UNSW has more than 40 years Board and Management experience in the resources and construction industries both in Australia and overseas. Mr Everett's vast management experience includes production and project management, marketing, corporate restructuring, debt/equity financing and government relations. His senior executive positions have included Managing Director and Chief Executive Officer of private and publicly listed companies. Mr Everett was formerly Chairman of BeMaX Resources NL, Australian Solomons Gold Limited. JMS Civil and Mining Pty Ltd and IronRidge Resources Limited.


Simon Finnis
Managing Director & CEO

Mr Finnis is an experienced Executive with a 30 year career in underground and open cut mining. Joining Metro as CEO in January 2015, he was appointed to the Board in January 2017. Prior to joining the company Mr Finnis was CEO of Grand Cote Operations in Senegal. Previous roles held by Mr Finnis have included Managing Director of Global Resources Corporation Limited and Chief Operating Officer for the redevelopment of the Gold Ridge Mine in the Solomon Islands. Mr Finnis has extensive experience through feasibility, construction and commissioning of both new and brown fields' operations.


Mark Sawyer
Non-Executive Director

Mr Sawyer is Senior Partner at Greenstone Capital LLP and co-founder of Greenstone Resources LP private equity fund. Mr Sawyer co-founded Greenstone in 2013 after a 19 year career in the mining sector including as co-head of group business development at Xstrata plc, and senior roles at Rio Tinto plc and Cutfield Freeman & Co Ltd. Mr Sawyer, together with Greenstone's co-founder, oversees all aspects of the management of the business. He serves as a Director of Greenstone Management Ltd, the fund's General Partner and is a member and co-Chair of the Investment Committee.


Fiona Murdoch
Independent Non-Executive Director

Ms Murdoch has 28+ years experience in the resources and infrastructure sectors in Australia and Internationally with senior operational roles held with AMCI Investments, MIM Holdings and Xstrata Queensland.  Currently, Ms Murdoch serves as a Non-Executive Director for KGL Resources Ltd as well as Chair of KGL’s Risk and Audit Committee. In addition, Ms Murdoch serves on the Board of Building Queensland and on the Joint Venture Committee for the West Pilbara Iron Ore Project.  She is also a Director of metallurgical services company, Core Resources and its subsidiary Toowong Process.  Ms Murdoch has an MBA and Honours Degree in Law.


Philip Hennessy
Independent Non-Executive Director

With a Bachelor of Business and 30+ years corporate experience Mr Hennessy has been involved with all aspects of corporate financing and company reconstruction in a variety of industries including construction, manufacturing, mining, professional & financial services and was KPMG Qld Chair for 13 years. He is an Independent Company Director & Advisor serving on public & private boards across the resources, financial services, property & manufacturing sectors and is a Director of Proton Therapy Australia. Mr Hennessy's knowledge & experience aids Metro in driving good governance, cohesive & effective collaboration and effective processes & communications with shareholders & stakeholders.

 

Last updated 12th June 2019

HEAD OFFICE

Level 2, 247 Adelaide Street
Brisbane QLD 4000
 

POSTAL ADDRESS

GPO Box 10955
Brisbane QLD 4000

P +61 7 3009 8000
F +61 7 3221 4811
E [email protected]

 

Last updated 12th June 2019

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