Rio Tinto invests $1.9B in Kangwinan bauxite project and Amrun wharf expansion

The London-headquartered mining company Rio Tinto will invest US$1.9bn to develop the Kangwinan bauxite project on Western Cape York Peninsula in Queensland, Australia.

The miner states that this brownfield investment will leverage Rio Tinto’s project execution capability and reflects continued application of the company’s disciplined capital allocation framework. It will add 20 million tons of annual bauxite production capacity in Weipa, leveraging some existing infrastructure, with first output targeted in 2029 and full production expected by 2032.

The project will replace production from the Andoom mine near Weipa as it reaches the end of its life this decade, while increasing Weipa Operations’ annual capacity to about 44 million tons, from current