RIO will invest $1.9bn to develop the Kangwinan bauxite project in northern
Australia to replace output from depleting Andoom and Gove mines. First ore is
planned for 2029; RIO said northern Queensland bauxite capacity will rise to
44.0 mln t/yr from 38.0 mln t/yr. The bauxite will be refined to aluminum and
shipped to smelters for aluminum production. RIO’s aluminum and lithium CEO
said the project reflects the group's long-term commitment to its bauxite
business.