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

Bitget2026/10/22 21:34

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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.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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

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