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BRIEF-Rio Tinto says approves US$1.9 billion Amrun bauxite project

Published 27/11/2015, 03:10 pm
BRIEF-Rio Tinto says approves US$1.9 billion Amrun bauxite project
RIO
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RIO
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Nov 26 (Reuters) - Rio Tinto (L:RIO) Ltd RIO.AX :

* Production and shipping are expected to commence in the first half of 2019, ramping up to full production by the end of the year

* Rio Tinto will expand output from Bauxite deposits following approval

* Amrun involves construction of Bauxite mine and associated processing and port facilities on the cape York peninsula in north Queensland

* Says planned initial output is 22.8 million tonnes a year

* Says co will expand output from one of the world's premier Bauxite deposits following approval of the $1.9 billion Amrun project

* Planned initial output replaces production from depleting east weipa mine

* Planned initial output increases annual Bauxite exports from cape York by around 10 million tonnes

* Says the majority of capital expenditure for the amrun project is scheduled for 2017 and 2018

* Says construction of the project is expected to provide work for around 1100 people

* Amrun will help to support ongoing employment for existing workforce of around 1400 employees and contractors at its Cape York bauxite operations

* "Amrun will be significant in helping to meet growing bauxite demand from China"

Source text for Eikon ID:nASXbCKV21

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