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Rio Tinto will partner with Gemco Rail to establish the first iron ore rail car manufacturing and maintenance facility in Karratha, Pilbara. Rio Tinto will invest approximately A$150 million to purchase 100 locally built ore rail cars over six years.
“We aim to create enduring partnerships that generate positive impacts in the regions where we operate and are proud to be leading the way in bringing iron ore car manufacturing and maintenance to the Pilbara.”stocks.observer-reporter.com
Summarized from public sources; check the original articles before acting on it.