Rio Tinto to Buy Aurukun Bauxite Project
Rio Tinto has agreed to buy the Aurukun Bauxite Project in Queensland from Glencore and Mitsubishi Development. The deal expands its regional bauxite operations pending regulatory approval.
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RIO TINTO PLC agreed on Tuesday morning to acquire the Aurukun Bauxite Project in Western Cape York, Queensland, from a joint venture between GLENCORE PLC and Mitsubishi Development. Financial terms were undisclosed. The transaction expands Rio's regional bauxite footprint as the asset awaits key regulatory clearances in Australia.
