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Aurukun Bauxite Deal Adds Rio Tinto Upside, Consultation Risks Remain

Rio Tinto logoRio Tinto
Sig2.55Sen+2.20Env-1.70Soc-2.30Gov-1.10

Rio Tinto has agreed to acquire the Aurukun Bauxite Project in Queensland from a Glencore–Mitsubishi venture, with terms undisclosed. The deal would extend Rio Tinto’s existing bauxite operations but remains subject to Queensland and other Australian regulatory approvals. Aurukun is not yet at mining-lease stage, and Traditional Owners, the Wik Waya people, have raised concerns over consultation quality.

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