Rio Tinto fast-tracking Queensland bauxite mine

Improving conditions in aluminium markets - for which bauxite is the prime feedstock - have convinced many analysts that South of Embley’s development could be imminent, and Mr Walsh confirmed he had decided to ‘‘expedite’’ studies on it. ‘‘The investment committee has approved the study fund for that project to accelerate that project by 12 months,’’ he said on Friday.

Mr Walsh said he and chief financial officer Chris Lynch were expecting the studies to be presented to the investment committee ‘‘by the end of this year’’, at which time a final decision on development would be made. ‘‘It is a very attractive project,’’ he said.

Read more here: SMH


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