Rio in Talks For Sales From $1.9 Billion Australian Bauxite Mine
- Amrun project in Queensland set to start in first half of 2019
- Project will have initial capacity of 22.8 million tons
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Rio Tinto Group, the world’s second-biggest miner, is advancing talks with potential customers in China for its new $1.9 billion bauxite project in Australia that will be built to meet growing demand in the world’s most populous nation.
The Amrun project, near Weipa in Queensland state, includes a bauxite mine, processing facilities and port, and will have initial production of about 22.8 million metric tons a year, London-based Rio said Friday in a statement. Output and shipping is due to start in the first half of 2019.