Jul 21, 2017

Queensland junior bullish on bauxite

Demand for bauxite is on the rise, with China forecast to boost imports by 51 per cent by 2025, says Metallica Minerals chief executive officer Simon Slesarewich. Metallica is poised to commence its direct shipping ore operation on Cape York this quarter, pending receipt of its mining lease. The Urquhart operation is expected to produce 1.5Mtpa per annum of ore, but Metallica is keen to add further bauxite projects to its portfolio to reach 5-7Mtpa within three to five years. Metallica Minerals chief executive officer Simon Slesarewich. Mr Slesarewich sa...

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