Metro Mining
Metro Mining Limited (ASX:MMI) is Australia's only pure-play bauxite producer, operating the Bauxite Hills mine in Western Cape York, Queensland, and exporting raw bauxite feedstock to aluminium smelters across Asia, principally China.
- Company typePublic
- Founded2006
- HeadquartersBrisbane, Australia
- Headcount51–100
- GTM typeB2B
- OfferingHardware or Manufacturing
What Metro Mining does
Metro Mining Limited (ASX:MMI) is a Brisbane-headquartered, Queensland-based bauxite mining company that operates a single asset — the Bauxite Hills mine near Weipa in Western Cape York, Australia. Founded in 2006 and listed on the ASX, the company is structured as Australia's only pure-play bauxite producer, extracting raw bauxite ore and exporting it through the Port of Skardon to seaborne markets, with aluminium smelters across Asia — and China in particular — as its end customers. The product line consists entirely of bulk bauxite sold into the aluminium supply chain, with all output serving industrial feedstock demand for energy-transition applications including electric vehicles and renewable infrastructure.
The company completed a transition from legacy fixed-price contracts to market-based pricing during 2025, aligning realized revenue with the Australian bauxite spot benchmark, which has risen approximately 60% since early 2022 to $63.5/dry ton as of January 2026. In 2025 Metro Mining shipped 6.2 million wet metric tonnes, a 9% increase year-on-year, and has guided 2026 shipments to 6.6–7.1 million WMT. Management positions the asset as one of the world's lowest-cost bauxite producers, with potential unit margins exceeding $20 per ton, and has publicly targeted incremental offtake from Indonesia's expanding alumina refining capacity in addition to its core Chinese customer base.
Metro Mining reported double-digit EBITDA margins in 2025, held approximately AUD 60 million in cash against AUD 62 million in senior debt at year-end, and operates with an estimated 51–100 employees. Market capitalization sits at approximately AUD 422–428 million with enterprise value near AUD 513 million, and the stock has appreciated 62% year-to-date as of January 2026. A 1-for-20 stock split took effect on April 24, 2026, and an on-market share repurchase program for up to 5% of issued shares is running through February 2027. Ownership is dispersed, with individual investors at 55%, institutional investors at 28% (led by Ascend Capital Advisors at 9.6%), and insiders holding approximately AUD 14 million.
Metro Mining firmographics
Firmographics- Name
- Metro Mining
- Legal name
- Metro Mining Limited
- Website
- https://metromining.com.au
- Company type
- Public
- Founded year
- 2006
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- Metro Mining Limited (ASX:MMI) is Australia's only pure-play bauxite producer, operating the Bauxite Hills mine in Western Cape York, Queensland, and exporting raw bauxite feedstock to aluminium smelters across Asia, principally China.
- Ownership category
- akta.pro rank
Metro Mining industry classification
Industry- Product category
- Bauxite Mining
- NAICS
- Other Metal Ore Mining (21229)
- SIC
- Miscellaneous Metal Ores (1090)
- akta.pro primary industry
- Bauxite Mining & Beneficiation (IMAKACAA)
- akta.pro secondary industries
- Mine Operations Contracting (Open-Pit & Underground Development, Production, Load/Haul) (IMAKAKAD), Minerals & Ores Terminals (Iron Ore, Bauxite/Alumina, Concentrates) (TLAHABAB)
Keywords
Where Metro Mining is headquartered
LocationHeadquarters
- HQ city
- Brisbane
- HQ country
- Australia
- HQ region
- Oceania
Offices2 records
Markets served
Metro Mining business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Operations, Supply Chain, Personnel, Infrastructure, Others
Revenue model
- Bauxite Export Sales: Metro Mining generates revenue through mining and exporting bauxite (raw feedstock for aluminium) to customers across Asia, with China as the key destination market. The company completed its transition from legacy fixed-price contracts to market pricing to improve revenue stability. As one of the world's lowest-cost bauxite producers, they can potentially generate $20+ per ton.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Pay-as-you-go | Commodity market pricing |
Go-to-market motion1 record
Distribution channels1 record
Marketing channels2 records
Metro Mining product offering
Product offeringCore offering
Metro Mining operates the Bauxite Hills Mine near Weipa in Western Cape York, Queensland, extracting and exporting bauxite—the raw feedstock for aluminium production—to enterprise customers across Asia, with China as the key destination market. The company produces and ships approximately 6.2 million wet metric tonnes of bauxite annually through the Port of Skardon via established seaborne shipping routes. Revenue is generated almost entirely from these bulk commodity export sales to aluminium smelters.
Product overview
Metro Mining is a Queensland-based ASX-listed mining company operating the Bauxite Hills Mine near Weipa. The company operates as a pure-play bauxite producer, extracting and exporting bauxite—the raw feedstock for aluminium—to Asian customers, with China as its key destination market. The Bauxite Hills Mine and its exported bauxite product constitute the company's complete product and service offering. No modular software products, platforms, or add-on services are offered; the business model is focused entirely on mining operations and seaborne commodity export.
Differentiator
Problem solved
Functional benefit
Products and services
- Bauxite Hills Mine The Bauxite Hills Mine located near Weipa in Western Cape York, Queensland, is Metro Mining's primary operational asset. The mine produces and exports bauxite—the raw feedstock for aluminium—to enterprise customers across Asia, with China as the key destination market, through the Port of Skardon.
- Bauxite Metallurgical-grade bauxite (aluminium ore) extracted at the Bauxite Hills Mine and exported as a bulk commodity to aluminium producers across Asia. Metro Mining transitioned from legacy fixed-price contracts to market pricing in late 2025/early 2026 to align with rising spot prices and improve revenue stability.
Quantifiable outcome
- 6.2 million WMT shipped in 2025, up 9% year-on-year
- +3 more outcomes
Companies that use Metro Mining
Customer profileNamed customers1 record
Segments1 record
Ideal customer profiles1 record
Metro Mining technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Metro Mining partnerships and signals
Strategic signalScale indicators10 records
Recent moves6 records
Expansion highlights4 records
Metro Mining competitors and assessment
Company assessmentDirect peers
- RUSAL: Russia-based global aluminium and bauxite producer with mining operations across multiple jurisdictions including Guinea. Closest large-scale pure-play bauxite/aluminium peer and major supplier to Asian markets.
- Hindalco Industries: India-based integrated aluminium and copper producer with captive bauxite mining operations. Pure-play exposure to upstream bauxite/aluminium supply chain serving Asian (including Chinese) end markets, directly comparable to Metro Mining's business model.
- Aluminum Corporation of China (Chalco): China's largest state-owned aluminium producer with extensive domestic and overseas bauxite mining assets. Major competitor in supplying Chinese smelters and dominant force in setting regional bauxite pricing dynamics.
- Vedanta Aluminium: India's largest aluminium producer with captive bauxite mining operations serving Asian smelting capacity. Comparable business model focused on low-cost bauxite production for the Asian aluminium value chain.
Broad incumbents
- Rio Tinto Group: Global diversified mining major with Weipa bauxite operations in Queensland (adjacent to Metro Mining's Bauxite Hills mine). Direct competitor for Australian bauxite supply to Asian markets, though aluminium is a small fraction of Rio Tinto's portfolio.
- Norsk Hydro: Norway-based integrated aluminium company with bauxite mining operations in Brazil (Paragominas) and integrated alumina refining. Comparable vertically integrated aluminium value chain with significant bauxite exposure.
- Emirates Global Aluminium (EGA): UAE-based integrated bauxite-aluminium producer with bauxite mining in Guinea. Comparable vertically integrated value chain and a key competitor in seaborne bauxite/alumina trade flows.
- South32: Australia-based diversified miner with significant bauxite and alumina operations (Worsley Alumina, Brazil Alumina). Closest geographic peer and directly comparable business model in bauxite mining, though diversified across other base metals.
- Alcoa Corporation: Global integrated aluminium producer with major bauxite mining operations across Australia, Brazil, Guinea, and Jamaica. Direct competitor in bauxite supply chains and reference point for global aluminium/bauxite cost curves.
Emerging players
- China Hongqiao Group: World's largest aluminium producer with vertically integrated operations and substantial bauxite sourcing requirements from Guinea, Indonesia, and Australia. Represents Metro Mining's direct customer archetype and a benchmark for Asian aluminium demand growth.
Market position
Strengths3 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights7 records
Customer concentration
Metro Mining social profiles
Digital presenceMetro Mining financial estimates
Financial estimateRevenue estimate
Valuation estimate
Metro Mining leadership team
Management profileNumber of profiles
Profiles3 records
Metro Mining funding detail
Funding detailFunding overview
Funding rounds1 record
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Metro Mining M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Metro Mining
What does Metro Mining do?
Metro Mining operates the Bauxite Hills Mine near Weipa in Western Cape York, Queensland, extracting and exporting bauxite—the raw feedstock for aluminium production—to enterprise customers across Asia, with China as the key destination market. The company produces and ships approximately 6.2 million wet metric tonnes of bauxite annually through the Port of Skardon via established seaborne shipping routes. Revenue is generated almost entirely from these bulk commodity export sales to aluminium smelters.
Is Metro Mining a public or private company?
Metro Mining is a public company. It is classified as public and is currently operating.
When was Metro Mining founded?
Metro Mining was founded in 2006. It employs 51 to 100 people.
Where is Metro Mining based?
Metro Mining is headquartered in Brisbane, Australia, in the Oceania region.
How does Metro Mining make money?
One revenue line is on record: bauxite Export Sales.
Who are Metro Mining's main competitors?
Direct peers on record are RUSAL, Hindalco Industries, Aluminum Corporation of China (Chalco) and Vedanta Aluminium. Broad incumbents are Rio Tinto Group, Norsk Hydro, Emirates Global Aluminium (EGA), South32 and Alcoa Corporation. China Hongqiao Group is listed as an emerging player.
Does Metro Mining have an API?
No public API is recorded for Metro Mining.
What industry is Metro Mining in?
Metro Mining's product category is Bauxite Mining. Its primary akta.pro industry code is IMAKACAA, Bauxite Mining & Beneficiation, with a secondary code of IMAKAKAD, Mine Operations Contracting (Open-Pit & Underground Development, Production, Load/Haul). Its NAICS code is 21229 and its SIC code is 1090.