Aurukun Deal Gives Rio Tinto (RIO) More Bauxite Upside, But Risks Remain

Rio Tinto Group (NYSE:RIO) has agreed to acquire the Aurukun Bauxite Project in Western Cape York, Queensland, from a joint venture between Glencore and Mitsubishi Development. Financial terms were not disclosed, and the transaction remains subject to approval from the Queensland government and other Australian regulators. The acquisition would expand Rio Tinto’s existing bauxite operations […]

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