Metro Mining signs bauxite supply deal with SPIC

Metro Mining has signed a four-year supply deal with Chinese state-owned enterprise SPIC Aluminium and Electric Power Investment (SPIC) for a total of 6.5 million tonnes of bauxite.

According to a memorandum of understanding (MoU) between the two companies, Metro Mining will supply the bauxite to SPIC for an initial term of four years from May 2018.

Metro Mining will initially supply 500,000 dry metric tonnes (dmt) of bauxite in 2018, followed by 1 million dmt in 2019. In 2020 and 2021, it will supply 2...

Published

Tanya Ashreena

December 21, 2017

16:59 GMT

London