It was reported that Metro Mining Limited, an exploration and mining company based in Australia, signed two new binding offtake agreements with China’s Xinfa Group for a total delivery of 7 million dry metric tons of bauxite ore.
The first contract will start in April 2022, with a delivery of 1 million dry metric tons of bauxite ore from Metro Mining to Xinfa Group until September. The second contract will start in October 2022, and Metro Mining will arrange an annual delivery of 2 million dry metric tons of bauxite ore to Xinfa Group over the following three years until September 2025.
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