Metro Mining Limited (ASX:MMI)
Metro Mining Limited is an Australian exploration and mining company, that is focused on Bauxite Hills Mine project. The Company's flagship project, Bauxite Hills Mine, is located approximately 95 kilometers north of Weipa on Western Cape York, where the Company holds a total tenement package covering approximately 1,900 square kilometers. It also has approximately four billion tone thermal coal resource in Queensland's Surat Basin. The Company’s project also includes Bundi Project and Columboola Project. Its Bundi Project area is located immediately south of Glencore's proposed Wandoan Mine development and New Hope Coal's proposed Elimatta Mine. The Bundi Project coal resource estimate is 2001.6 megaton (Mt). Its Columboola Project is a joint venture between Metro and SinoCoal Resources Pty Ltd. Its Columboola has a thermal coal resource estimate of 1216.6 megaton (Mt) at depths amenable to underground mining.