Rio Tinto To Invest $1.9B To Develop Kangwinan Bauxite Project

By Reuters News

Oct 23 (Reuters) - Rio Tinto Limited RIO.AX:

  • INVESTING $1.9B TO DEVELOP KANGWINAN BAUXITE PROJECT

  • BROWNFIELD INVESTMENT WILL LEVERAGE RIO TINTO'S PROJECT EXECUTION CAPABILITY

  • KANGWINAN BAUXITE PROJECT WILL REPLACE PRODUCTION FROM ANDOOM MINE NEAR WEIPA AS IT REACHES END OF ITS LIFE THIS DECADE

  • CONSTRUCTION WILL RAMP UP IN 2027 AND IS EXPECTED TO SUPPORT MORE THAN 1,300 CONSTRUCTION JOBS FOR KANGWINAN BAUXITE PROJECT

  • PROJECT WILL ADD 20 MILLION TONNES OF ANNUAL BAUXITE PRODUCTION CAPACITY IN WEIPA

  • FIRST OUTPUT FROM PROJECT TARGETED IN 2029 AND FULL PRODUCTION EXPECTED BY 2032

Further company coverage: RIO.AX

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