Rio Tinto invests USD 1.9 billion in Kangwinan bauxite project in Queensland

By Public Technologies
  • Rio Tinto will invest USD 1.9 billion in the Kangwinan bauxite project in Western Cape York, Queensland.
  • The project adds 20 million tonnes of annual capacity, with first output targeted in 2029 and full production expected by 2032.
  • Kangwinan will replace the aging Andoom mine, increasing Weipa’s annual capacity to about 44 million tonnes from around 38 million tonnes.
  • It will also help offset the planned closure of the Gove mine in the Northern Territory in 2029.
  • Construction will ramp up in 2027, supporting more than 1,300 construction jobs.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Rio Tinto Ltd. published the original content used to generate this news brief via Business Wire (Ref. ID: 202610221734BIZWIRE_USPR_____20261022_BW864714) on October 22, 2026, and is solely responsible for the information contained therein.

Capital.com is an execution-only brokerage platform and the content provided on the Capital.com website is intended for informational purposes only and should not be regarded as an offer to sell or a solicitation of an offer to buy the products or securities to which it applies. No representation or warranty is given as to the accuracy or completeness of the information provided.

The information provided does not constitute investment advice nor take into account the individual financial circumstances or objectives of any investor. Any information that may be provided relating to past performance is not a reliable indicator of future results or performance.

To the extent permitted by law, in no event shall Capital.com (or any affiliate or employee) have any liability for any loss arising from the use of the information provided. Any person acting on the information does so entirely at their own risk.

Any information which could be construed as “investment research” has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication.