Rio Tinto (RIO) has approved investment of $180M and commenced work on the Norman Creek access project at the world-class Amrun bauxite mine on Queensland’s Cape York Peninsula. The Norman Creek access project will enable mining of the Norman Creek region of Amrun, which holds approximately half of the currently declared Amrun Ore Reserves of 978 million tonnes. Construction is underway on key infrastructure, including a 19-kilometre haul road, camp accommodation and a communications tower.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on RIO:
- Entree Resources provides update on mining license transfers
- Rio Tinto price target lowered to 5,100 GBp from 5,350 GBp at Barclays
- Trump Trade: U.S. enters full trade deal with South Korea
- Rio Tinto Reports Resilient Earnings Amid Diversification
- Trump imposes universal 50% tariffs on semi-finished copper imports