Who is selling the Aurukun Bauxite Project, and who is acquiring it?

The Aurukun Bauxite Project is being sold by a joint venture between Glencore (GLEN.L) and Mitsubishi Development, and it is being acquired by Rio Tinto (RIO.AX).

What is the current regulatory status of the Aurukun Bauxite Project, and what approvals are still needed for Rio Tinto to proceed?

The project is currently held under a Mineral Development License and has not yet received a Mining Lease; the acquisition remains subject to Queensland government and other Australian regulatory approvals, and Rio Tinto will seek those approvals if the deal proceeds.

Rio Tinto to Acquire Aurukun Bauxite Project from Glencore, Mitsubishi Development

Sep 7, 2026

Rio Tinto has agreed to acquire the Aurukun Bauxite Project from a Glencore-Mitsubishi joint venture, subject to regulatory approval. The deal expands Rio's regional operations, though Traditional Owners expressed concerns regarding consultation.

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