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Rio Tinto to invest $1.9bn in Queensland bauxite project

Thu, 22 Oct 2026 17:35:01 -0400

Rio Tinto has approved a $1.9 billion investment to develop the Kangwinan bauxite project on Western Cape York Peninsula in Queensland, Australia, according to a press release from the company.

The project will add 20 million tonnes of annual bauxite production capacity at Rio Tinto's Weipa Operations, bringing total annual capacity to approximately 44 million tonnes, up from around 38 million tonnes currently. Early works began in 2025, with construction expected to ramp up in 2027, first output targeted in 2029, and full production anticipated by 2032.

The $1.9 billion figure includes $150 million for early works pre-approved in 2025. Rio Tinto

Rio Tinto to invest $1.9 billion to develop the Kangwinan bauxite project in Western Cape York, Queensland

Thu, 22 Oct 2026 17:34:00 -0400

MELBOURNE, Australia--(BUSINESS WIRE)-- Rio Tinto will invest $1.9 billion1 to develop the Kangwinan bauxite project on Western Cape York Peninsula in Queensland, underpinning the long-term future of its Weipa Operations and continued supply to its international customers and its Australian alumina refineries.

Kangwinan highlights Rio Tinto’s continued commitment to mining in Australia and will sustain its position as one of the world’s leading high-quality bauxite producers.

This brownfield investment will leverage Rio Tinto’s project execution capability and reflects continued application of the company’s disciplined capital allocation framework. It will add 20 million tonnes of annual bauxite production capacity in

Rio Tinto to invest $1.9 billion to develop the Kangwinan bauxite project in Western Cape York, Queensland

Thu, 22 Oct 2026 17:34:00 -0400

Kangwinan highlights Rio Tinto’s continued commitment to mining in Australia and will sustain its position as one of the world’s leading high-quality bauxite producers.

Rio Tinto Ltd. (RIO:AU) (RIO) PT Raised to AUD155.50 at Bernstein SocGen Group

Fri, 16 Oct 2026 09:02:56 -0400

Bernstein SocGen Group analyst Bob Brackett raised the price target on Rio Tinto Ltd. (RIO:AU) (NYSE: RIO) to AUD155.50 (from AUD155.00) while maintaining a Outperform rating.

Rio Tinto Ltd. (RIO:AU) (RIO) PT Raised to AUD155.50 at Bernstein SocGen Group

Fri, 16 Oct 2026 09:02:56 -0400

Bernstein SocGen Group analyst Bob Brackett raised the price target on Rio Tinto Ltd. (RIO:AU) (NYSE: RIO) to AUD155.50 (from AUD155.00) while maintaining a Outperform rating.

Rio Tinto Ltd. (RIO:AU) (RIO) PT Raised to AUD155.50 at Bernstein SocGen Group

Fri, 16 Oct 2026 09:02:56 -0400

Bernstein SocGen Group analyst Bob Brackett raised the price target on Rio Tinto Ltd. (RIO:AU) (NYSE: RIO) to AUD155.50 (from AUD155.00) while maintaining a Outperform rating.

Rio Tinto Ltd. (RIO:AU) (RIO) PT Raised to AUD155.50 at Bernstein SocGen Group

Fri, 16 Oct 2026 09:02:56 -0400

Bernstein SocGen Group analyst Bob Brackett raised the price target on Rio Tinto Ltd. (RIO:AU) (NYSE: RIO) to AUD155.50 (from AUD155.00) while maintaining a Outperform rating.

Rio Tinto (RIO) PT Lowered to $86.50 at Bernstein SocGen Group

Fri, 16 Oct 2026 08:58:26 -0400

Bernstein SocGen Group analyst Bob Brackett lowered the price target on Rio Tinto (NYSE: RIO) to $86.50 (from $89.50) while maintaining a Outperform rating.

Rio Tinto Plc. (RIO:LN) (RIO) PT Lowered to GBP67 at Citi

Fri, 16 Oct 2026 05:50:10 -0400

Citi analyst Ephrem Ravi lowered the price target on Rio Tinto Plc. (RIO:LN) (NYSE: RIO) to GBP67.00 (from GBP70.00) while maintaining a Neutral rating.

Rio Tinto Plc. (RIO:LN) (RIO) PT Lowered to GBP67 at Citi

Fri, 16 Oct 2026 05:50:10 -0400

Citi analyst Ephrem Ravi lowered the price target on Rio Tinto Plc. (RIO:LN) (NYSE: RIO) to GBP67.00 (from GBP70.00) while maintaining a Neutral rating.

Rio Tinto Plc. (RIO:LN) (RIO) PT Lowered to GBP67 at Citi

Fri, 16 Oct 2026 05:50:10 -0400

Citi analyst Ephrem Ravi lowered the price target on Rio Tinto Plc. (RIO:LN) (NYSE: RIO) to GBP67.00 (from GBP70.00) while maintaining a Neutral rating.

Rio Tinto Plc. (RIO:LN) (RIO) PT Lowered to GBP67 at Citi

Fri, 16 Oct 2026 05:50:10 -0400

Citi analyst Ephrem Ravi lowered the price target on Rio Tinto Plc. (RIO:LN) (NYSE: RIO) to GBP67.00 (from GBP70.00) while maintaining a Neutral rating.

Rio Tinto Ltd. (RIO:AU) (RIO) PT Raised to AUD199 at CLSA

Thu, 15 Oct 2026 07:28:20 -0400

CLSA analyst Baden Moore raised the price target on Rio Tinto Ltd. (RIO:AU) (NYSE: RIO) to AUD199.00 (from AUD197.00) while maintaining a Outperform (2) rating.

Rio Tinto Ltd. (RIO:AU) (RIO) PT Raised to AUD199 at CLSA

Thu, 15 Oct 2026 07:28:20 -0400

CLSA analyst Baden Moore raised the price target on Rio Tinto Ltd. (RIO:AU) (NYSE: RIO) to AUD199.00 (from AUD197.00) while maintaining a Outperform (2) rating.

Rio Tinto Ltd. (RIO:AU) (RIO) PT Raised to AUD199 at CLSA

Thu, 15 Oct 2026 07:28:20 -0400

CLSA analyst Baden Moore raised the price target on Rio Tinto Ltd. (RIO:AU) (NYSE: RIO) to AUD199.00 (from AUD197.00) while maintaining a Outperform (2) rating.

Rio Tinto Ltd. (RIO:AU) (RIO) PT Raised to AUD199 at CLSA

Thu, 15 Oct 2026 07:28:20 -0400

CLSA analyst Baden Moore raised the price target on Rio Tinto Ltd. (RIO:AU) (NYSE: RIO) to AUD199.00 (from AUD197.00) while maintaining a Outperform (2) rating.

Rio Tinto Ltd. (RIO:AU) (RIO) PT Raised to AUD212 at JPMorgan

Thu, 15 Oct 2026 07:16:00 -0400

JPMorgan analyst Lyndon Fagan raised the price target on Rio Tinto Ltd. (RIO:AU) (NYSE: RIO) to AUD212.00 (from AUD209.00) while maintaining a Overweight rating.

Rio Tinto Ltd. (RIO:AU) (RIO) PT Raised to AUD212 at JPMorgan

Thu, 15 Oct 2026 07:16:00 -0400

JPMorgan analyst Lyndon Fagan raised the price target on Rio Tinto Ltd. (RIO:AU) (NYSE: RIO) to AUD212.00 (from AUD209.00) while maintaining a Overweight rating.

Rio Tinto Ltd. (RIO:AU) (RIO) PT Raised to AUD212 at JPMorgan

Thu, 15 Oct 2026 07:16:00 -0400

JPMorgan analyst Lyndon Fagan raised the price target on Rio Tinto Ltd. (RIO:AU) (NYSE: RIO) to AUD212.00 (from AUD209.00) while maintaining a Overweight rating.

Rio Tinto Ltd. (RIO:AU) (RIO) PT Raised to AUD212 at JPMorgan

Thu, 15 Oct 2026 07:16:00 -0400

JPMorgan analyst Lyndon Fagan raised the price target on Rio Tinto Ltd. (RIO:AU) (NYSE: RIO) to AUD212.00 (from AUD209.00) while maintaining a Overweight rating.

Rio Tinto Ltd. (RIO:AU) (RIO) PT Lowered to AUD171 at UBS

Thu, 15 Oct 2026 05:43:59 -0400

UBS analyst Lachlan Shaw lowered the price target on Rio Tinto Ltd. (RIO:AU) (NYSE: RIO) to AUD171.00 (from AUD173.00) while maintaining a Neutral rating.

Rio Tinto Ltd. (RIO:AU) (RIO) PT Lowered to AUD171 at UBS

Thu, 15 Oct 2026 05:43:59 -0400

UBS analyst Lachlan Shaw lowered the price target on Rio Tinto Ltd. (RIO:AU) (NYSE: RIO) to AUD171.00 (from AUD173.00) while maintaining a Neutral rating.

Rio Tinto Ltd. (RIO:AU) (RIO) PT Lowered to AUD171 at UBS

Thu, 15 Oct 2026 05:43:59 -0400

UBS analyst Lachlan Shaw lowered the price target on Rio Tinto Ltd. (RIO:AU) (NYSE: RIO) to AUD171.00 (from AUD173.00) while maintaining a Neutral rating.

Rio Tinto Ltd. (RIO:AU) (RIO) PT Lowered to AUD171 at UBS

Thu, 15 Oct 2026 05:43:59 -0400

UBS analyst Lachlan Shaw lowered the price target on Rio Tinto Ltd. (RIO:AU) (NYSE: RIO) to AUD171.00 (from AUD173.00) while maintaining a Neutral rating.

Rio Tinto Ltd. (RIO:AU) (RIO) PT Lowered to AUD165 at Citi

Wed, 14 Oct 2026 08:09:35 -0400

Citi analyst Ephrem Ravi lowered the price target on Rio Tinto Ltd. (RIO:AU) (NYSE: RIO) to AUD165.00 (from AUD171.00) while maintaining a Neutral rating.