Glencore Inks Pact with Mitsubishi for Aurukun Bauxite Project
Glencore Aurukun BauxiteGlencore

Glencore Inks Pact with Mitsubishi for Aurukun Bauxite Project

Glencore and Mitsubishi Development have signed a joint venture agreement to develop the Aurukun bauxite project in western Cape York in Queensland. Under

Glencore and Mitsubishi Development have signed a joint venture agreement to develop the Aurukun bauxite project in western Cape York in Queensland. Under the agreement, Mitsubishi will acquire a 30% interest in the project, with the remaining retained by Glencore. The project has the potential to become an open cut bauxite mine with a life of more than 20 years, producing up to eight million dry tonnes of washed bauxite a year.

The development is also subject to regulatory approvals but has been met with support from the Queensland Government.

Glencore is now finishing the Aurukun environmental impact statement, which will be open to public review in mid-2021, ahead of reaching a final investment decision next year.

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