Rio Tinto Says Empty Iron Ore Train Derailed in Australia
By Rhiannon Hoyle
Rio Tinto said an unloaded iron-ore train derailed in Western Australia on Sunday, but that the derailment happened on a section of dual track and that operations are continuing.
Roughly 38 wagons derailed while the train was operating autonomously, Rio Tinto said in an emailed statement Tuesday. Rio Tinto is one of the world's top producers of steel ingredient iron ore, which it exports from a network of mining operations in Australia's remote Pilbara region.
The company said an adjacent rail line wasn't affected and that trains continue to operate in the area. An investigation has begun, as has work to recover the derailed wagons, it said.
Write to Rhiannon Hoyle at rhiannon.hoyle@wsj.com
(END) Dow Jones Newswires
February 13, 2024 05:42 ET (10:42 GMT)
Copyright (c) 2024 Dow Jones & Company, Inc.-
Markets Brief: Is It Really a Surprising Quarter for Earnings?
-
After Earnings, Is Berkshire Hathaway Stock a Buy, a Sell, or Fairly Valued?
-
For Bond Investors, Delayed Rate Cuts Demand a Different Playbook
-
What’s Happening In the Markets This Week
-
How the Tokyo Stock Exchange Is Pushing for Better Shareholder Returns
-
Magnificent 7 Stocks Earnings Updates: AI Remains the Focus
-
Where We See Opportunities After an Ugly Month for Stocks
-
After Earnings, Is Alphabet Stock a Buy, a Sell, or Fairly Valued?
-
3 Stocks With High Dividend Yields That Warren Buffett Likes
-
How to Invest Like Warren Buffett
-
Berkshire Hathaway Earnings: Strong Insurance Results Continue to Lift Revenue and Profitability
-
10 Questions for Berkshire Hathaway’s 2024 Annual Meeting
-
After Earnings, Is Ford Stock a Buy, a Sell, or Fairly Valued?
-
3 Dividend Stocks for May 2024
-
Amgen Earnings: Obesity Drug Update Is Highly Encouraging
-
What’s Going on With Apple, Tesla, and Alphabet?