Rio, Chalco spike Aurukun bid

Quick development of Cape York bauxite deposit in doubt as miners pull out.

Rio Tinto (RIO) and and China's Chalco have pulled out of bidding to mine the Aurukun bauxite deposit on Cape York, The Australian reports.

According to the newspaper, Glencore and a joint venture between entrepreneur John Benson and Hong Kong investors are now left as the remianing potential developers follwoing the withdrawal.


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