Australian mining Rio Tinto Nov. 27 in northern Australia approved a $ 1.9 billion bauxite project, in the majority of the world’s mining companies to cut spending on the occasion to promote a large-scale mine construction.
This Amrun project in Queensland, initial production will produce 2,280 ten thousand tons of bauxite, replace Rio EastWeipa minerals out. The company aims to meet the strong growth in Chinese demand for aluminum producers.
Rio Tinto said that as the cost of mining in the world at a low level, so it plans to eventually expand the production Amrun mine to 5,000 tons per year. The project originally called “SouthofEmbley”.
“Amrun is one of the highest-quality bauxite project in the world,” Rio Tinto chief executive Walsh (SamWalsh) said in a statement.