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Rio Tinto to start early works and final studies to increase Amrun mine's bauxite production on Queensland's Cape York Peninsula

1. Rio Tinto will expand Amrun bauxite mine to boost production capacity. 2. First output expected by 2029, involving collaboration with Traditional Owners.

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FAQ

Why Bullish?

Increased production capacity at Amrun may enhance future revenue, similar to past expansions boosting stock performance.

How important is it?

This expansion demonstrates Rio Tinto's commitment to growth, directly impacting its future profitability and stock performance.

Why Long Term?

The project’s completion and output will take several years, influencing long-term growth potential.

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MELBOURNE, Australia--(BUSINESS WIRE)--Rio Tinto will begin early works and conduct final engineering studies to increase production capacity at the Amrun bauxite mine on Cape York Peninsula in Far North Queensland, aiming for first output as early as 2029. The project, named Kangwinan at the request of Traditional Owners, the Wik Waya people, will involve building a new mine and expanding the existing port to almost double bauxite production from Rio Tinto's Weipa Southern operations, where Am.

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