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Rio Tinto Group RIO has announced that it is entering a partnership with Western Australia-based company Gemco Rail. Through this agreement, RIO will bring local iron ore rail manufacturing and bearing maintenance to the Pilbara region.
RIO aims to invest A$150 million ($101.2 million) over the next six years to buy 100 locally built ore rail cars. Rio Tinto also intends to invest in bearing refurbishment for the next 10 years to support its Pilbara operations.
Gemco will build the first 4...
>>> Read more: Rio Tinto (RIO), Gemco Partner to Build Rail Car in Pilbara
RIO aims to invest A$150 million ($101.2 million) over the next six years to buy 100 locally built ore rail cars. Rio Tinto also intends to invest in bearing refurbishment for the next 10 years to support its Pilbara operations.
Gemco will build the first 4...
>>> Read more: Rio Tinto (RIO), Gemco Partner to Build Rail Car in Pilbara
