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The Weipa bauxite mine is a bauxite mine at Weipa on the western Cape York Peninsula in Far North Queensland, Australia. A geologist named Harry Evans discovered the vast bauxite resource in 1955. [1] Operations commenced in 1963. The mine is owned by Rio Tinto. Power to the mine is supplied via a 6.7MW solar photovoltaic solar farm on site. [1]
Rio Tinto Group is a British-Australian multinational company that is the world's second largest metals and mining corporation (behind BHP). [3] It was founded in 1873 when a group of investors purchased a mine complex on the Rio Tinto, in Huelva, Spain, from the Spanish government. It has grown through a long series of mergers and acquisitions.
In 2002, Rio Tinto Aluminium earned US$256 million for its shareholder Rio Tinto. In 2006 Rio Tinto Aluminium was the largest receiver of budgetary assistance from the Australian government, Rio Tinto Aluminium had received over $287 million in assistance from Australian tax dollars. RTA owns the Weipa bauxite mine, Yarwun Alumina Refinery, and ...
The Weipa Parish of the Roman Catholic Diocese of Cairns was established in 1982. [19] On 30 March 1985, the Weipa South community elected the Weipa South Aboriginal Council, and the Aboriginal reserve held by the government was transferred to the council on 27 October 1988 under a Deed of Grant in Trust (DOGIT).
It is an unusual local government area as it is not governed and managed by a council elected by residents but rather by the company Rio Tinto Aluminium (which operates a bauxite mine in the area) through a governing body called the Weipa Town Authority. In the 2021 census, the Weipa Town had a population of 4,100 people. [1]
(Reuters) -Rio Tinto has been holding talks to buy lithium miner Arcadium, three sources with direct knowledge of the negotiations said, a deal that would make Rio the third-largest producer of ...
On 8 November 2007, BHP Billiton announced it was seeking to purchase rival mining group Rio Tinto Group in an all-share deal. [49] The initial offer of 3.4 shares of BHP Billiton stock for each share of Rio Tinto was rejected by the board of Rio Tinto for "significantly undervaluing" the company. [47]
The company stated that 1000 jobs would be directly lost from the closure, and 1600 jobs indirectly connected to the smelter would also be under threat. The decision followed a 25% decrease in aluminium prices over the prior 18 months, and increasing power costs. [8] At that time, Rio Tinto said it intended to close the smelter in August 2021. [11]