financetom
Business
financetom
/
Business
/
Rio Tinto Announces Construction of First Locally Made Iron Ore Rail Car in Western Australia
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Rio Tinto Announces Construction of First Locally Made Iron Ore Rail Car in Western Australia
Apr 3, 2025 4:23 AM

07:05 AM EDT, 04/03/2025 (MT Newswires) -- Rio Tinto (RIO) said Thursday that its first locally made iron ore rail car has been built in Western Australia.

The company is investing about 150 million Australian dollars ($95.2 million) to buy 100 locally built rail cars.

The first 40 rail cars will be built at Gemco's Forrestfield facility in Perth, as it sets up a manufacturing workshop in Karratha, where 60 more rail cars will be made later this year.

The rail cars will each carry up to 118 tonnes of iron ore from Rio Tinto's 17 mines in the Pilbara to its ports, the company said.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Warrior Met Coal Q3 revenue beats analyst expectations
Warrior Met Coal Q3 revenue beats analyst expectations
Nov 5, 2025
Overview * Warrior Q3 revenue beats analyst expectations * Company's net income and adjusted EBITDA declined year-over-year * Record sales volumes driven by early Blue Creek longwall operations Outlook * Warrior raises full-year 2025 production guidance by 10% due to Blue Creek ramp-up * Company lowers cash cost of sales guidance to $105-$110 per short ton * Warrior cites trade...
Seadrill Q3 revenue beats estimates
Seadrill Q3 revenue beats estimates
Nov 5, 2025
Overview * Seadrill ( SDRL ) Q3 operating revenue beats analyst expectations, despite a decrease from prior quarter * Adjusted EBITDA for Q3 misses analyst estimates, reflecting lower economic utilization * Company secures over $300 mln in new contracts, boosting order backlog Outlook * Seadrill ( SDRL ) narrows 2025 revenue guidance to $1,360 mln-$1,390 mln * Seadrill ( SDRL...
Pfizer Responds to Delaware Chancery Court Ruling
Pfizer Responds to Delaware Chancery Court Ruling
Nov 5, 2025
NEW YORK--(BUSINESS WIRE)-- Pfizer Inc. ( PFE ) today issued the following statement in response to the Delaware Chancery Court’s decision denying Pfizer’s request for a temporary restraining order to prevent Metsera, Inc. from terminating the existing merger agreement in favor of a competing proposal from Novo Nordisk. “We remain confident in the merits of our claims and our belief...
Nutrien tops profit estimates, initiates review of phosphate business
Nutrien tops profit estimates, initiates review of phosphate business
Nov 5, 2025
Nov 5 (Reuters) - Nutrien ( NTR ) beat analysts' expectations for third-quarter profit on Wednesday, and said it is initiating a review of strategic alternatives for its phosphate business. The review could include reconfiguring operations, strategic partnerships or a potential sale, the company said. The Saskatoon, Canada-based firm posted an adjusted profit of 97 cents per share for the...
Copyright 2023-2026 - www.financetom.com All Rights Reserved