Rio Tinto

Money Moves

Developer of Kangwinan

Rio Tinto approved a US$1.9 billion investment on October 23, 2026 to build the Kangwinan bauxite mine on Western Cape York in Queensland. The mine adds 20 million tonnes of annual capacity, lifting Weipa's total to about 44 million tonnes from roughly 38 million today.

Updated Oct 25

Rule Changes

As of May 2026: Developing remediation mechanism for Panguna mine damage

In 37 years of awarding the Goldman Environmental Prize — often called the 'Green Nobel' — the six annual winners have never all been women. The 2026 cohort breaks that pattern with unusually concrete results. A United Kingdom Supreme Court ruled that fossil fuel permits must now include climate impact assessments. South Korea's Constitutional Court ordered the government to strengthen emissions targets. The Environmental Protection Agency blocked North America's largest proposed open-pit mine. Rio Tinto, pushed by a human rights complaint, began addressing environmental damage from a copper mine that helped trigger a civil war.

Updated May 31