Rio Tinto Acquires Aurukun Bauxite Project From Glencore, Mitsubishi
- Mining giant Rio Tinto has agreed to acquire the Aurukun Bauxite Project in far north Queensland from a joint venture between Glencore and Mitsubishi Development.
- The financial terms of the Cape York project deal were not disclosed.
- The acquisition deal is subject to approvals from the Queensland government and other Australian regulators.
- The Wik Waya people, Traditional Owners of the land, stated they had not been adequately consulted about the project.
11 Articles
11 Articles
The Australian-British Rio Tinto Group has agreed to purchase the Aurukun Bauxite Project in Queensland, Australia, from the Glencore joint venture and on 08.09.2026, PRIM
The group entered into an agreement to acquire an initial mining project from Glencore and Mitsubishi in Queensland State.
Rio Tinto to buy Glencore bauxite project
RIO Tinto has agreed to buy the Aurukun bauxite project in Queensland from Glencore and Mitsubishi Development for an undisclosed sum, Bloomberg reported. The project is close to Rio Tinto’s existing bauxite mines on western Cape York and would add to its resource base as production winds down at some of its other Australian operations. Aurukun is held under a mineral development licence and has yet to secure a mining lease. The deal remains sub…
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