Rio Tinto invests more than $900 million in local suppliers for Amrun project
Rio Tinto has awarded more than $900 million in contracts to suppliers in Queensland, as the company continues the development of its world class Amrun bauxite project on Cape York Peninsula.
With the added $900 million, Rio Tinto has invested almost two thirds of $1.38 billion in contracts on Australian suppliers alone.
To date, Rio Tinto has engaged with 509 local Queensland businesses to supply goods and services to the project.
What is the Amrun bauxite project?
The Amrun project is a $1.9 billion project to build a mine and port to expand production from one of the world’s premier bauxite deposits.
The project, replacing the depleting East Weipa bauxite mine in Cape York, will look to increase bauxite exports by close to 10 million tonnes a year. This also includes the construction of a processing plant and port near Boyd Bay, a dam, tailings storage facility, roads and a ferry terminal on the Hey River.
Construction will see the extension of the Weipa mine life by around 40 years, with construction expected to last three years.
Once operational, Amrum is expected to produce around 22.8 mtpa, a significant increase of the 10mtpa of East Weipa.
Amrun will provide around $1.3billion annually to the Queensland economy.
The April 2017 issue of Mining Global is now live!
Get in touch with our editor Dale Benton at firstname.lastname@example.org
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