View in Other Languages Asian Equities News 2015-08-10: Major Bauxite Offtake Agreement with Xinfa Group 亚洲股权新闻 2015-08-10 Metro与中国信发集团签署大型铝土矿承购协议 亞洲股權新聞2015-08-10 Metro與中國信發集團簽署大型鋁土礦承購協議 
Major Bauxite Offtake Agreement with Xinfa Group
Major Bauxite Offtake Agreement with Xinfa Group

Sydney, Aug 10, 2015 AEST (ABN Newswire) - Metro Mining Ltd (googlechartASX:MMI) announced that it has signed a bauxite off-take non-binding Memorandum of Understanding (MoU) with the Xinfa Group. Xinfa Group is one of the largest integrated aluminium Companies in China. It has significant refining and smelting operations in Shandong, Guangxi and Xinjiang Provinces. Metro forecasts total annual production of up to 2 million tonnes from its Bauxite Hills Project. The agreement contemplates a minimum contract tonnage of 1.0 million tonnes a year up to a maximum of 1.2 million tonnes a year over the initial five years term - representing around half of the annual production.

Genex Power Limited (googlechartASX:GNX) announced the appointment of specialist power and water consulting firm Entura to deliver a Bankable Feasibility Study (BFS) for its Kidston Pumped Storage Hydropower Project in North Queensland. As part of the BFS, Entura will partner with HYDROCHINA, China's leading hydropower and design consultants. Entura brings a utility-owner and operator perspective, deep local experience, regulatory knowledge and design optimisation capability to the Kidston Pumped Storage project, while HYDROCHINA brings a wealth of specialist experience in the development and construction of pumped storage hydro stations.

Blackham Resources Ltd (googlechartASX:BLK) is pleased to announce the first assay results from its maiden Golden Age drilling programme, intersected visual gold in the early drilling of the Golden Age Reef at its Matilda Gold Project. The assay results from returned 5.1m @ 198 g/t Au from 173.1m which includes 0.8m @ 1,148g/t Au from 176.6 m.

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