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via finance.yahoo.comBusiness & Companies

Rio Tinto to invest $1.9 billion in Australian bauxite project

FROM THE WIRE · FINANCE.YAHOO.COM

Rio Tinto (RIO) said Friday it will invest $1.9 billion to develop the Kangwinan bauxite project in PREMIUM Upgrade to read this MT Newswires article and get so much more. A Silver or Gold subscription plan is required to access premium news articles. Upgrade Already have a…

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: neutralAn investment of this size in a new raw materials project is relevant for the mining group.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Rio Tinto will invest $1.9 billion to develop the Kangwinan project.
  2. 02The project concerns bauxite in Australia.
  3. 03The announcement was made on Friday.
NEWS IMPACT AND MARKET REACTIONChange since the story · reference
Rio Tinto GroupRIOStock84.14 USDMarket closedtoday -3.20%Neutral
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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