Rio Tinto, WA government agree framework to sell Dampier desalination plant stake to Yindjibarndi WaterCo

Reuters2026/07/27 06:12

By:Reuters

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Rio Tinto signed non-binding agreements with Western Australia to sell their 50:50 stakes in the Dampier Seawater Desalination Plant to Yindjibarndi WaterCo.
The plant has a construction budget of A$ 1.1 billion; a binding deal is targeted by year-end, with pricing tied to construction costs.
Rio Tinto will keep managing construction; operational control is set to shift to Yindjibarndi WaterCo once construction is completed.
Stage 1 is due to complete this year; first water is expected in early 2027, with Stage 2 first water expected in 2027.
Rio Tinto expects to receive 4 GL of water a year from the plant under the proposed arrangements.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Rio Tinto plc published the original content used to generate this news brief on July 27, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Rio Tinto, WA government agree framework to sell Dampier desalination plant stake to Yindjibarndi WaterCo

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