Rio Tinto agrees to acquire Aurukun bauxite project

SYDNEY: Rio Tinto has agreed to acquire the Aurukun Bauxite Project in Western Cape York, Queensland, from a joint venture between London-listed Glencore and Mitsubishi Development, a company spokesperson said Tuesday. Financial terms were not disclosed. The deal remains subject to Queensland government and other Australian regulatory approvals, the spokesperson said. The acquisition would expand Rio Tinto’s existing…