Rio Tinto to Spend $1.9 Billion on Australian Bauxite Expansion

Rio Tinto to Spend $1.9 Billion on Australian Bauxite Expansion Rio Tinto Group will spend $1.9 billion to expand its bauxite mining operations in northern Australia, with the development of a new major mine to replace production from depleting projects. The Kangwinan bauxite project will replace output from the Andoom and Gove mines in the region, Rio said in a statement Friday. First ore is targeted for 2029, and will see its operations in northern Queensland increase annual capacity to 44 million tons from 38 million tons.