Bauxite ore is the mineral processed into aluminium and MMI is
The key elements of FID are: 1. A decision on the expanded transhipping solution utilizing a large, existing
Transhipping Expansion
MMI has identified a superior option for its transhipping operation. Instead of building a second floating crane barge (FCB), MMI has procured a larger, existing
The OFT, currently named ALM Tinka, is almost identical to the transhipping solution identified in MMI's original
feasibility study in 2019 and has the following characteristics: 132m in length, 28m width, non-propelled barge with 2 x 34 tonne safe working load hydraulic unloading cranes and a hopper, conveyor, ship loading system.
One of 2 vessels, delivered in 2012 initially for loading iron ore magnetite fines in
Has been loading raw bauxite of similar density and handling characteristics to MMI bauxite off the coast of Binding joint venture terms for ownership of the OFT have been concluded with current owner
Product Screening Upgrade
The concept for the expansion of screening capacity has been amended since the DFS, with MMI electing to install a new screening plant with a capacity of a 1,500 WMT/hr, comprising an Apron and a Wobbler Feeder. This will replace one of the existing grizzly and vibrating screen plants, with the second being retained for backup, product blending and additional capacity. The combined new wobbler and retained screen will have a nameplate capacity of approx. 2,500 WMT/hr. It is expected that adopting this alternate screening technology will increase the throughput rate and provide greater resiliency in handling wet product. Based on the procurement activities completed to date the commissioning of the new screening plant is expected in
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FORWARD LOOKING STATEMENT
This announcement contains certain 'forward-looking statements' within the meaning of the securities laws of applicable jurisdictions. Forward- looking statements can generally be identified by the use of forward-looking words such as 'may,' 'should,' 'expect,' 'anticipate,' 'estimate,' 'scheduled' or 'continue' or the negative version of them or comparable terminology. Any forecasts or other forward-looking statements contained in this announcement are subject to known and unknown risks and uncertainties and may involve significant elements of subjective judgment and assumptions as to future events which may or may not be correct. There are usually differences between forecast and actual results because events and actual circumstances frequently do not occur as forecast and these differences may be material. Metro does not give any representation, assurance or guarantee that the occurrence of the events expressed or implied in any forward-looking statements in this announcement will actually occur and you are cautioned not to place undue reliance on forward-looking statements
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