Metro Mining¡¯s new director shows faith in company¡¯s bauxite strategy

Metro Mining Limited’s new non-executive director Fiona Murdoch has reportedly demonstrated her faith in the company’s bauxite strategy while making a first purchase in the company of 150,000 ordinary shares on June 5 for the total value of $20,050.

Murdoch has more than 28 years of experience in resources and infrastructure sectors in Australia and internationally. Her mining sector experience includes senior operational roles with AMCI investments, MIM Holdings, and Xstrata Queensland.

Last month, Metro Mining chairman Stephen Everett and managing director and CEO Simon Finnis had addressed shareholders on the company’s successful transition from developer to the operator. The company noted that bauxite production in 2018 was as per the plan; even the production guidance was met with external challenges such as weather.

Addressing the AGM, Everett said: “I think it is fair to say Metro is on its way.”

“We shipped over 2 million tonnes of bauxite in 2018 and we have announced upgrade production guidance to 3.5 million tonnes for this year,” concluded Mr. Everett.

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