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$2.6B Bauxite Mine To Benefit All Of QLD

Rio Tinto has completed the $2.6 billion bauxite mine in Amrum, Far North Queensland, which is expected to be fully operational this year, reports australianmining.com.au. 

 

The mine, which is located around 40 kilometres from Weipa, is expected to reach a full annual production rate of 22.8 million tonnes by the end of 2019.

 

Rio Tinto chief executive officer Jean-Sébastien Jacques said the mine is a long term project that will be a huge benefit to the economy.

 

“Amrun will provide jobs, support businesses and contribute to growth in the region for the next 50 years, building on $2.2 billion of contracts with local, state and national businesses [during construction],” said Jacques.

 

Minister for Resources and Northern Australia Matt Canavan said Australia is currently the world’s largest bauxite producer and alumina exporter. In 2018, Rio Tinto produced 50.4 million tonnes of bauxite. 

                                                

“Together, bauxite and coal deliver thousands of jobs, billions of dollars in wealth and a strong manufacturing sector to Australia.”

 

“Resources contributed almost $63 billion to Queensland’s economy in 2017-18, and one in every eight jobs. This new project will build on that success.” 

 

“Rio Tinto’s aluminium activities support more than 5,500 jobs around the country, including 1,400 roles in north Queensland and another 2,000 or so in the Gladstone region, so the Amrun project will help funnel wealth, jobs and prosperity to all corners of Queensland,” said Caravan.

 

Rio Tinto’s bauxite-to-aluminium supply chain is a massive jobs generator within Australia, with $3.7 billion distributed as wages, paid to suppliers, or paid as community contributions. Australia-wide, the aluminium side of the business supports 5600 jobs. 

 

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