Earnings release
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METRO MINING LIMITED Explore | Define | Mine Q1 2021 Highlights Metro Mining Ltd ( ASX : MMI ) Quarterly Activities Report | March 2021 The planned early wet season shut - down was successfully managed during September . Work at the Bauxite Hills Mine site in the current quarter focused on scheduled maintenance , mine planning and rehabilitation ; Subsequent to quarter end , operations recommenced at the Bauxite Hills Mine site on April 14 with loading of the first ship commencing 24 April ; Trading conditions across the aluminium supply chain in China remained stable over the quarter and signs are emerging of an improvement during 2021. This is likely to have a positive impact on bauxite demand and pricing during the 2H of 2021 and in 2022 ; Ocean freight costs remain and at historically high levels which will negatively impact on prices received ; Approximately 2.3 million WMT of planned 2021 production will be sold under the offtake agreement in place with Xinfa ; Assessment has begun on the existing kaolin resource at Skardon River to determine potential commercial uses , including the production of High Purity Alumina ; Metro's available cash on hand and other receivables as at 31 March 2021 was $ 15.7 Million ; Metro continued to successfully operate within the established Policies and Procedures in response to COVID - 19 at with zero cases recorded . Quarterly Activities Report March 20211 Page 1