Industry News

Rio Tinto plans to build iron ore cars in Pilbara

Views : 167
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 >>
What Tariffs, Steel Prices Mean for E&S Construction Insurance in California What Tariffs, Steel Prices Mean for E&S Construction Insurance in California
Apr .25.2025
What Tariffs, Steel Prices Mean for E&S Construction Insurance in California
Nickel Price Update: Q1 2025 in Review Nickel Price Update: Q1 2025 in Review
Apr .25.2025
Nickel Price Update: Q1 2025 in Review
Higher steel prices benefiting Region steel mills Higher steel prices benefiting Region steel mills
Apr .25.2025
Higher steel prices benefiting Region steel mills
Vale's net profit drops 17% on lower iron ore prices Vale's net profit drops 17% on lower iron ore prices
Apr .25.2025
Vale's net profit drops 17% on lower iron ore prices