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Rio Tinto to Take Over Aurukun Bauxite Project in Queensland

Rio Tinto logoRio Tinto
Sig2.57Sen+1.93Env-1.00Soc-1.40Gov-0.59

Rio Tinto has announced plans to take over the Aurukun Bauxite Project in Western Cape York, Queensland, from a joint venture of Glencore and Mitsubishi Development. Financial terms were not disclosed, and the interim deal is subject to Queensland Government and other Australian regulatory approvals. The interim arrangement is based on a 2011 participation agreement and sets out a jointly designed co-management approach covering work on Ngarlawangga Country across the mine life cycle.

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