{"url":"https://newsforagent.com/news/2026-10-22/rio-tinto-kangwinan-bauxite-investment","markdown_url":"https://newsforagent.com/news/2026-10-22/rio-tinto-kangwinan-bauxite-investment.md","title":"Rio Tinto to Invest $1.9 billion in Kangwinan Bauxite Project","headline":"Rio Tinto Commits $1.9 billion to Kangwinan Bauxite, Adding 20Mt a Year by 2032","description":"Rio Tinto will invest $1.9 billion in Queensland's Kangwinan bauxite project, adding 20Mt a year with first output targeted for 2029.","section":"Expansion","published_at":"2026-10-22T21:55:35+00:00","modified_at":"2026-10-22T21:55:35+00:00","author":"News Desk","key_takeaways":["Rio Tinto will invest $1.9 billion in the Kangwinan bauxite project in Queensland, adding 20Mt per year.","First output is targeted for 2029, with full production expected by 2032, lifting Weipa capacity to about 44Mt.","The project replaces Andoom and offsets the end of mining at Gove, with an internal rate of return of about 22% based on Q4 2026 forecasts."],"companies":[{"name":"Rio Tinto","is_primary":true,"profile_url":"https://akta.pro/company-profiles/00003ng/rio-tinto","website":"http://www.riotinto.com"}],"source":{"publisher":"TradingView","title":"Rio Tinto (RIO) To Invest $1.9B, Add 20Mt Bauxite Capacity by 2032","url":"https://www.tradingview.com/news/tradingview:022468961980b:0-rio-tinto-rio-to-invest-1-9b-add-20mt-bauxite-capacity-by-2032/"},"other_sources":[],"tags":["Expansion","Rio Tinto"],"body_markdown":"[Rio Tinto](https://akta.pro/company-profiles/00003ng/rio-tinto) will invest $1.9 billion in the Kangwinan bauxite project in Queensland, adding 20 million tonnes per year of capacity, according to [TradingView](https://www.tradingview.com/news/tradingview:022468961980b:0-rio-tinto-rio-to-invest-1-9b-add-20mt-bauxite-capacity-by-2032/). First output is targeted for 2029, with full production expected by 2032.\n\n## Kangwinan Adds 20Mt a Year at Weipa\n\nRio Tinto is a 150-year-old global mining and metals company producing iron ore, copper, aluminum, lithium and specialty minerals across 35 countries, according to [akta.pro company records](https://akta.pro/company-data). The Kangwinan project lifts Weipa capacity to about 44 million tonnes per year, against roughly 38 million tonnes per year today.\n\nThe project replaces Andoom and offsets the end of mining at Gove, preserving volumes in Rio Tinto's integrated aluminum chain. The internal rate of return is about 22%, based on Q4 2026 forecasts. Rio Tinto's [own announcement](http://www.riotinto.com) sets out the project details.\n\n## Rio Tinto's Recorded Scale and Funding\n\nRio Tinto's company profile lists operations in 35 countries across six continents with more than 60,000 employees, and an EBITDA mix of 60% iron ore and 40% copper, aluminum and lithium. The same records put 2025 underlying EBITDA at over $25 billion and total funding at $866.4 million, with the last round dated March 10, 2026.\n\n## Earlier Rio Tinto Moves This Month\n\nOn October 15, 2026, Journal quotidien La Tribune reported that Rio Tinto aims to increase iron ore production at Guinea's Simandou sixfold by 2028, targeting 60 million tons annually, after reaching about 10 million tons annualized in Q3 2026. On October 17, 2026, FinanzNachrichten.de reported that Rio Tinto and the Western Australian government are expanding the Dampier Seawater Desalination Plant with a 606 million AUD investment, doubling capacity to eight billion liters per year. On October 22, 2026, Bloomberg reported that Rio Tinto and China's state-backed China Mineral Resources Group reached a multiyear iron ore supply agreement covering supplies from November this year to May 2028.\n\n## What Comes Next for Kangwinan\n\nFirst output at Kangwinan is targeted for 2029, with full production expected by 2032, and the project replaces Andoom while offsetting the end of mining at Gove.\n","publisher":{"name":"News for Agent","url":"https://newsforagent.com"}}