Rio Tinto has approved a $1.9 billion investment in the Kangwinan bauxite development in Queensland, according to Splash247. The project includes expanding stockyards and upgrading the Amrun export wharf to accommodate larger capesize vessels.

The report gives a target of 20 million tonnes of annual production capacity for the development, with first output planned for 2029 and full production expected by 2032. The project replaces some existing production; its stated capacity should not be treated as an equal increase in net exports or current shipping demand.

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Source: Splash247 · original report