StocksMedium•13 November 2026•
1 min read
Rio Tinto Breaks Ground on $2.6B Kangwinan Bauxite Project in Australia
Key Facts
1Rio Tinto has officially commenced construction on the $2.6 billion Kangwinan bauxite project in Queensland, Australia.
2The project is expected to add 20 million tonnes of annual production and support 1,300 construction jobs.
Rio Tinto has officially commenced construction on the $2.6 billion Kangwinan bauxite project in Queensland, Australia. Benzinga reported that the project is expected to add 20 million tonnes of annual production capacity and support approximately 1,300 construction jobs.
The investment aligns with Rio Tinto's strategy to expand operations near Weipa to meet long-term demand for aluminum production. RIO closed at $83.28 on November 12, 2026, after reaching a session high of $84.29 and a low of $83.1.