Financial Ports

Rio Tinto bets $1.9bn on capesizes to secure Australian bauxite future

CLAVE 1 / 4Rio Tinto approves $1.9 billion investment in Queensland’s Kangwinan bauxite project.

CLAVE 2 / 4Project will add 20 million tonnes of annual bauxite production capacity.

CLAVE 3 / 4Amrun export wharf to be upgraded to accommodate larger capesize bulk carriers.

CLAVE 4 / 4First output targeted for 2029, with full production expected by 2032.

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