14 MAY 2015AlCircle.com
Rio Tinto plans to expand its bauxite operations in South of Embley, Queensland
Edited by : AL CIRCLE
1 min read
Rio Tinto plans to expand its bauxite operations and would be reviewing the feasibility study for South of Embley, in Queensland later this year.
The South of Embley project will allow Rio to use an existing mining lease to expand its bauxite mining to a location south to its Weipa operations.
The company will also be investing in infrastructural developments to support the business operations including power station, processing plant, warehouses, workshops, barge and ferry facilities and ship loading facilities.
According to Walsh, this project will bring an expansion in the field of seaborne bauxite which will increase Rio’s volumes by about 50% in a market that generated 44% earnings before interest, tax, depreciation and amortisation margins on a free-on-board basis last year.
The South of Embley project will allow Rio to use an existing mining lease to expand its bauxite mining to a location south to its Weipa operations.
The company will also be investing in infrastructural developments to support the business operations including power station, processing plant, warehouses, workshops, barge and ferry facilities and ship loading facilities.
According to Walsh, this project will bring an expansion in the field of seaborne bauxite which will increase Rio’s volumes by about 50% in a market that generated 44% earnings before interest, tax, depreciation and amortisation margins on a free-on-board basis last year.
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