Rio Tinto Commits $1.9 Billion to Kangwinan Bauxite, Newmont Sets Red Chris Timeline, Gold Hits Three-Month Low, and Whitehaven Beats

Podcast: The Mining Insider · Logan Ore - The Pro Podcasters

Opublikowano: 2026-10-23

Rio Tinto Commits $1.9 Billion to Kangwinan Bauxite in Queensland: First, Queensland, where Rio Tinto has approved 1.9 billion U.S. dollars to develop the Kangwinan bauxite project on Western Cape York. The company says the total includes 150 million dollars of early works pre-approved in 2025, and that the project is expected to deliver an internal rate of return of about 22 percent, based on third-party market forecasts as at the fourth quarter of 2026. Newmont Beats on Higher Gold Prices and Sets Red Chris Timeline: Next, Newmont, which reported third-quarter results on Thursday. Attributable gold production was about 1.3 million ounces, and consolidated gold sales...