Capital markets·October 22, 2026 at 6:22 PM EDT·1 source
Rio Tinto to Spend $1.9 Billion on Australian Bauxite Expansion
Capital markets
What happened
- Rio Tinto will spend $1.9 billion to expand bauxite mining operations in northern Australia.
- The development includes a new major mine intended to replace production from depleting projects.
Planned spending
$1.9 billion
Why it matters
The investment is relevant to infrastructure, credit and markets professionals because it represents a major expansion of a large mining operation and addresses declining production from existing projects.
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