Rio Tinto has approved a $180 million investment in the Norman Creek project located near Weipa in Queensland, Australia. This project is part of the company’s efforts to expand its bauxite mining operations on Cape York Peninsula, securing the long-term future of its Amrun bauxite operations. The Norman Creek project is expected to begin production by 2027. Additionally, Rio Tinto is progressing with the Kangwinan project, which aims to increase annual bauxite production capacity at its Weipa Southern operations by up to 20 million tonnes, supplementing the current 23 million tonnes. The expansion will also enhance export capacity through the Amrun port. Separately, Rio Tinto has stated there is no economic incentive for green steel production in Australia. In related mining news, Capstone Copper has announced the sanctioning of its Mantoverde Optimized Project, and MAC Copper Limited has received approval from the South African Reserve Bank (SARB).
MAC Copper Limited Announces SARB Approval Received https://t.co/W1S8LKvy8V https://t.co/eLikAdEyH8
Capstone Copper Announces Sanctioning of Mantoverde Optimized Project https://t.co/VclhX28C0B https://t.co/u0wPPyTIz5
Rio Tinto says no economic incentive for green steel in Australia https://t.co/XBCQ1sjHsW