ADVFN Logo ADVFN

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for alerts Register for real-time alerts, custom portfolio, and market movers

RIO Rio Tinto Limited

136.01
6.52 (5.04%)
02 May 2024 - Closed
Delayed by 20 minutes
Share Name Share Symbol Market Type
Rio Tinto Limited ASX:RIO Australian Stock Exchange Ordinary Share
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  6.52 5.04% 136.01 142.01 122.08 91,600 23:59:14

Rio Tinto’s iron ore rail cars to be built in WA to boost local jobs

03/10/2021 12:00am

Business Wire


Rio Tinto (ASX:RIO)
Historical Stock Chart


From May 2021 to May 2024

Click Here for more Rio Tinto Charts.

Rio Tinto is supporting iron ore rail car manufacturing in Western Australia with a commitment to use local suppliers to build ore rail cars for its Pilbara mining operations.

A tender will soon be released to the local market for an initial purchase of 50 ore rail cars, followed by an ongoing commitment of 10 ore cars a year for the next five years.

The tender will be released through the Rio Tinto Buy Local portal, a resource dedicated to making local suppliers aware of opportunities to partner with Rio Tinto and be part of our supply chain.

Western Australia has been an important part of Rio Tinto’s history for more than 50 years as the company built a world-class iron ore business. In 2020, the company spent AUD$7.5 billion with more than 2,000 local businesses based in Western Australia.

Rio Tinto is also part of the WA Government’s iron ore rail car action group, launched as part of the WA Recovery Plan to develop a competitive iron ore rail car manufacturing industry in Western Australia.

Rio Tinto’s commitment to bring ore rail car manufacturing back to WA supports the action group’s vision to develop WA’s ore rail car manufacturing capability and support the State’s economic recovery.

Rio Tinto Iron Ore chief executive Simon Trott said: “Building Rio Tinto’s ore rail cars here in WA will support local manufacturing and create jobs for West Australians.

“Rio Tinto is proud to lead the way in building iron ore rail cars in WA, in line with the vision of State Government’s iron ore rail car action group.

“I look forward to partnering with local businesses to support and grow the local manufacturing industry in WA.

“Ore cars are a critical part of our mining operations and building capacity to manufacture ore cars locally in WA will deliver significant benefits for Rio Tinto and the WA economy.”

Premier Mark McGowan said: “This is a pleasing outcome and I commend Rio Tinto for taking the first step and committing to our local steel manufacturing industry which will support more jobs for Western Australians.

“Rio Tinto’s commitment is a positive result off the back of the State Government’s independent pre-feasibility study, which identified initiatives for the manufacture, refurbishment and maintenance of iron ore railcar wagons.

“This was about securing an ongoing pipeline of work for the long term manufacture of iron ore wagons and critical rail wagon parts, which will deliver jobs and economic benefit for the State into the future.

“Rio Tinto’s purchase of Western Australian made railcars that will be used right here in our State is something I encourage other iron ore companies operating in WA to get on board with and increase local content and local jobs.”

riotinto.com

Please direct all enquiries to Media.enquiries@riotinto.com

Media Relations, Australia

Jonathan Rose M +61 447 028 913

Matt Chambers M +61 433 525 739

Jesse Riseborough M +61 436 653 412

Jamie Macdonald M +61 467 725 51

Rio Tinto plc 6 St James’s Square London SW1Y 4AD United Kingdom

T +44 20 7781 2000 Registered in England No. 719885

Rio Tinto Limited Level 7, 360 Collins Street Melbourne 3000 Australia

T +61 3 9283 3333 Registered in Australia ABN 96 004 458 404

Category: Pilbara

1 Year Rio Tinto Chart

1 Year Rio Tinto Chart

1 Month Rio Tinto Chart

1 Month Rio Tinto Chart

Your Recent History

Delayed Upgrade Clock