Rio Tinto targets larger capesizes in $1.9bn Australian bauxite push
Mining giant Rio Tinto has approved a $1.9bn investment in a major bauxite expansion in Australia’s Queensland state, including an upgrade of its export facilities to accommodate larger capesize bulk carriers. The Kangwinan project on the western Cape York Peninsula will add 20m tonnes of annual bauxite production capacity, with first output targeted for 2029 …