Industry News

Rio Tinto plans to build iron ore cars in Pilbara

Views : 350
Update time : 2023-06-15 16:47:48
Mining giant Rio Tinto is teaming up with Western Australia-based Gemco Rail to bring local iron ore rail car manufacturing and bearing maintenance to the Pilbara region. Rio Tinto plans to invest about A$150 million over six years in buying 100 domestically built ore rail cars.

Under the agreement, Gemco will produce the first 40 ore cars at its factory, with deliveries starting in 2024. Once the program is officially in operation, Gemco Rail expects to manufacture 10 ore cars per year. This plan will bring a new industry to Pilbara and create more job opportunities for local people.
Related News
Read More >>
Rising oil prices pressure Vietnam’s inflation control targets Rising oil prices pressure Vietnam’s inflation control targets
Mar .24.2026
Rising oil prices pressure Vietnam’s inflation control targets
South Africa raises AD duties on structural steel from China & Thailand South Africa raises AD duties on structural steel from China & Thailand
Mar .24.2026
South Africa raises AD duties on structural steel from China & Thailand
Rise and fall in LME aluminium: cash climbs to $3,329/t, stocks slip nearly 1% Rise and fall in LME aluminium: cash climbs to $3,329/t, stocks slip nearly 1%
Mar .24.2026
Rise and fall in LME aluminium: cash climbs to $3,329/t, stocks slip nearly 1%
Macro geopolitical risks have yet to subside, and aluminium prices have maintained a fluctuating pattern Macro geopolitical risks have yet to subside, and aluminium prices have maintained a fluctuating pattern
Mar .24.2026
Macro geopolitical risks have yet to subside, and aluminium prices have maintained a fluctuating pattern