Rio Tinto granted new rail operation in Pilbara | Finance News Network

Rio Tinto granted new rail operation in Pilbara

Company News

by Rachael Jones

Rio Tinto (ASX:RIO) has been granted accreditation by Australia’s Office of the National Rail Safety Regulator for operation of trains at the group’s iron ore business in Western Australia.

The AutoHaul project continues to progress and is on schedule to be completed by the end of 2018.
Rio Tinto will take a phased approach to deploying autonomous trains across the network in the lead up to full commissioning.

Once commissioned, the network will be the world’s first heavy haul, long distance autonomous rail operation.
Rio Tinto’s Pilbara shipments guidance for 2018 remains between 330 and 340 million tonnes (100 per cent basis).

Shares in Rio Tinto (ASX:RIO) closed 2.4 per cent higher yesterday at $86.75.
 

Rachael Jones

Finance News Network
Rachael comes to FNN after working for Fairfax Media covering international breaking news, including the global economy and politics. She joined FNN in February 2018. She has reported on Australia’s finance news for various organisations since 2000 and has also interviewed a number of key business players, including Bill Gates. Rachael has also worked across a number of countries, including the UK and the US.