Brief: Rio Tinto To Invest $1.9B To Develop Kangwinan Bauxite Project
Today 22:28
BRIEF-Rio Tinto To Invest $1.9B To Develop Kangwinan Bauxite Project 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
((Reuters.Briefs@thomsonreuters.com;))
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