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Mitsubishi to join Glencore in Australia bauxite venture

Mitsubishi Development has agreed to acquire 30% of Glencore’s Aurukun bauxite project in Far North Queensland.

Mitsubishi to join Glencore in Australia bauxite venture Mitsubishi to join Glencore in Australia bauxite venture Mitsubishi to join Glencore in Australia bauxite venture Mitsubishi to join Glencore in Australia bauxite venture Mitsubishi to join Glencore in Australia bauxite venture

Community engagement at Aurukun in Queensland, Australia

The terms of the proposed deal were not disclosed.

Glencore will retain 70% ownership and remain the manager of the joint venture. Offtake will be split according to ownership.