- Write by:
-
Tuesday, June 13, 2023 - 23:10:42
-
186 Visit
-
Print
Mining News Pro - Mining giant Rio Tinto said on Tuesday it will partner with Western Australia-based Gemco Rail to bring local iron ore rail car manufacturing and bearing maintenance to the Pilbara region.
Rio intends to invest about A$150 million ($101.2 million) to acquire 100 domestically built ore rail cars over six years, it said.
Adequate rail and road infrastructure are crucial to iron ore producers as they add to the convenience of swiftly moving around finished products to consumption centres, while also easing the process of receiving raw materials from local mines.
The company, which operates about 14,000 ore cars across its Pilbara rail network, said that each ore car can hold an estimated 118 tonnes of iron ore.
Gemco, which is part of transport solutions provider Engenco, will build the first 40 ore cars at its facility in Forrestfield, with the first car expected to be delivered in 2024.
Rio also plans to establish an additional construction facility by the end of 2024 in order to aid the development of Gemco’s ore cars.
The new facility, based in Karratha, will reduce transportation woes between Pilbara and Perth, while reducing 300 tonnes of carbon dioxide each year, Rio said.
“This will bring a new industry to Pilbara, creating jobs and providing more opportunities for local and Indigenous businesses,” Rio Tinto Iron Ore’s chief executive Simon Trott said.
Once operational, Gemco Rail is expected to build an average of 10 ore cars per year, under the partnership.
To further smoothen its operations in Pilbara, Rio said it will embrace continued investment in bearing refurbishment, a sustainable and green maintenance procedure that delivers significant reduction in raw material consumption, over 10 years.
Short Link:
https://www.miningnews.ir/En/News/623040
Anglo American CEO Duncan Wanblad is meeting on Friday South African mines minister Gwede Mantashe for the first time ...
China’s leading metals companies, including its state iron ore buyer, are considering their next moves following BHP ...
BHP Group (ASX: BHP) has deployed a senior team including its chief executive officer to South Africa as the world’s ...
A takeover of Anglo American Plc would need to be pitched at more than £30 ($37.6) per share, a higher price than BHP ...
BHP Group Ltd.’s proposal for Anglo American Plc to spin off platinum and iron ore units before a takeover would likely ...
Iron ore will average more than $100 a ton this year as the worldwide market remains tight, despite China’s property ...
Iron ore futures prices fell on Monday after weak industrial data in top consumer China and the completion of of ...
Brazil’s Corumba region could more than double iron ore shipments through neighboring Uruguay this year if there is ...
When former boss Mark Cutifani left Anglo American Plc in mid-April 2022, things had rarely looked better for the ...
No comments have been posted yet ...