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Metro Mining Limited (ASX: MMI) has decided to cease the operating season at the Bauxite Hills Mine due to a significant weather system on the Gulf of Carpentaria.
The Company was on track to meet its guidance of 3.6 to 3.7 MWMT sales for the calendar year, however this earlier season end plus almost 5 days lost in the last 2 weeks to the failure of significant components means that MMI has achieved 3.41 MWMT for the year.
The Company would normally close down operations around this time of the year, however, intentions had been to load a further 19th Capesize vessel for the April to January season.