Metro Mining Limited has signed a binding agreement for the supply of 790,000 Wet Metric Tonnes bauxite for delivery in 2021 with Xiamen Xiangsen Aluminium Limited. The contract schedules tonnage from September through to December and is in addition to the company’s Offtake Agreement with Xinfa for 2.3 Million WMT in 2021.The agreement formalizes the remaining volume under the LOI of 790,000 WMT. Both the companies are now in talks to expand the scope and volume of the 1 Million DMT LOI for 2022-2023 (plus a 1 year option to extend) announced on 7 July 2021.
Metro Mining Limited has signed a binding agreement for the supply of 790,000 Wet Metric Tonnes bauxite for delivery in 2021 with Xiamen Xiangsen Aluminium Limited. The contract schedules tonnage from September through to December and is in addition to the company’s Offtake Agreement with Xinfa for 2.3 Million WMT in 2021.The agreement formalizes the remaining volume under the LOI of 790,000 WMT. Both the companies are now in talks to expand the scope and volume of the 1 Million DMT LOI for 2022-2023 (plus a 1 year option to extend) announced on 7 July 2021.
