Rio Tinto Invests 1.9B in Queensland
Rio Tinto announced a 1.9 billion dollar investment to develop the Kangwinan bauxite project in Australia. The new mine will replace the aging Andoom operation and boost annual capacity at Weipa to support long-term production.
Insights:
Rio Tinto will invest $1.9 billion to develop the Kangwinan bauxite project in Australia, lifting annual production capacity at its Weipa mining complex. The investment replaces output from the ageing Andoom mine as it reaches the end of its operational life. The expansion secures long-term bauxite supply for global aluminium and renewable energy infrastructure.
