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(Reuters) - Mining giant Rio Tinto said on Tuesday it will partner with Western Australia-based Gemco Rail to bring local iron ore rail car manufacturing and bearing maintenance to the Pilbara region.
Rio intends to invest about A$150 million ($101.2 million) to acquire 100 domestically built ore rail cars over six years, it said.
Adequate rail and road infrastructure are crucial to iron ore producers as they add to the convenience of swiftly moving around finished products to consumption cent...
>>> Read more: Rio Tinto inks deal to bring iron ore rail car manufacturing to Pilbara
Rio intends to invest about A$150 million ($101.2 million) to acquire 100 domestically built ore rail cars over six years, it said.
Adequate rail and road infrastructure are crucial to iron ore producers as they add to the convenience of swiftly moving around finished products to consumption cent...
>>> Read more: Rio Tinto inks deal to bring iron ore rail car manufacturing to Pilbara
