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Metro Mining wins bidding war for bauxite aspirant Gulf Alumina

Peter Ker

Little known Metro Mining looms as Australia's next likely bauxite exporter after prevailing in the contested $50 million takeover battle for Queensland bauxite aspirant Gulf Alumina.

Confirmation that Metro had taken a controlling stake in Gulf came on the day that bauxite prices surged above $US50 per tonne for the first time since December 2015, and as prices for alumina and aluminium continue to rally.

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Peter Ker covers resource companies for The Australian Financial Review, based in Melbourne. Connect with Peter on Twitter. Email Peter at pker@afr.com

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    Original URL: https://www.afr.com/companies/mining/metro-mining-wins-bidding-war-for-bauxite-aspirant-gulf-alumina-20161205-gt3ycu