Introduction:
Weipa Bauxite Mine is one of the largest bauxite mines in the world, owned and operated by Rio Tinto. The mine is known for its high-quality bauxite deposits and sustainable mining practices. In this blog post, we’ll take a closer look at the Weipa Bauxite Mine, including its location, operations, production, sustainability efforts, and financials. We’ll also explore how Ark Analytics’ ProspectPro Tool can help investors and miners discover more about this mine and other opportunities in Australia.
Overview of Weipa Bauxite Mine:
The Weipa Bauxite Mine is located on the western Cape York Peninsula in Queensland, Australia. It is a joint venture between Rio Tinto (57.5%), Alumina Limited (22.5%), and the government of Queensland (20%). The mine was discovered in 1955 and has been in operation since 1963. The current mine life is expected to be around 35 years, with the potential for further exploration.
Location and Ownership:
The Weipa Bauxite Mine is located on the western Cape York Peninsula in Queensland, Australia. The mine covers an area of 23,900 hectares and has a total resource of over 3 billion tonnes of bauxite. As for ownership, Rio Tinto owns a 57.5% stake in the mine, while Alumina Limited owns 22.5% and the government of Queensland owns the remaining 20%.
Operations and Production:
The Weipa Bauxite Mine is an open-cut operation that uses a combination of heavy machinery and labor to extract the bauxite ore. The mine produces both bauxite and alumina, with an annual production capacity of around 30 million tonnes of bauxite and 8 million tonnes of alumina. The mine also employs over 1,000 people, making it a significant contributor to the local economy.
Sustainability and Environment:
Rio Tinto is committed to sustainable mining practices at the Weipa Bauxite Mine. The company has implemented various initiatives to minimize the environmental impact of mining, including water management, rehabilitation of mined areas, and reducing emissions. The mine is also certified to ISO 14001, an international standard for environmental management.
Financials and Stock:
As a publicly-traded company, Rio Tinto’s financials and stock are available for public viewing. In 2021, the company reported a revenue of $44.6 billion and a net income of $12.4 billion. The company’s stock is listed on several exchanges, including the New York Stock Exchange and the Australian Securities Exchange.
Prospecting with Ark Analytics’ ProspectPro Tool:
Investors and miners who are interested in exploring the Weipa Bauxite Mine further can use Ark Analytics’ ProspectPro Tool. This powerful tool provides detailed information on mining projects in Australia, including location, ownership, operations, financials, and sustainability.
With ProspectPro, you can:
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Identify new investment opportunities in the mining industry
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Analyze mining projects and their potential returns
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Access comprehensive data on mining projects in Australia
Try ProspectPro for Free:
If you’re interested in trying ProspectPro, you can sign up for a free trial on the Ark Analytics website. This trial will give you access to the tool’s full functionality, allowing you to explore the Weipa Bauxite Mine and other mining projects in Australia.
Conclusion:
The Weipa Bauxite Mine is an important mining project in Australia, known for its high-quality bauxite deposits and sustainable mining practices. With Ark Analytics’ ProspectPro Tool, investors and miners can explore this mine and other opportunities in the mining industry, making informed decisions and contributing to the growth and success of this important sector.
To learn more about the Weipa Bauxite Mine’s location, owner, operator, website, stock, financials, emissions, and other information, you can use the ProspectPro Tool. With its powerful features and comprehensive data, you can make the most out of your mining investments and stay ahead of the competition.
Get started with ProspectPro for free today and see how it can revolutionize the way you explore mining opportunities in Australia.
