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Rio Tinto said on Monday that one of its fully-loaded autonomous iron ore trains had crashed with a set of stationary wagons in Western Australia’s Pilbara region., took place about 80 km outside the town of Karratha. While there were no people within the vicinity and no injuries, 22 wagons and three locomotives were impacted, a Rio spokesperson
Australia’s Office of the National Rail Safety Regulator said a recovery train reportedly crashed into the driverless iron ore train it was dispatched to retrieve, following a mechanical failure.The miner said at the time that nobody got hurt in the accident, which involved about 38 wagons of the self-driving train. Rio Tinto’s peers, BHP and Fortescue have also reported derailments at their iron ore operations .
Rio Tinto, the world’s largest iron ore producer, operates about 14,000 ore cars across its Pilbara rail network, each of which can hold an estimated 118 tonnes of iron ore.Anglo shareholders have been urging the company to explain how it would create more value than by just selling to the rival.Rio Tinto has not ruled out bid for Anglo American — report
While Rio has a smaller market capitalization than rival BHP, it's large enough to make an all-share offer for some or all of Anglo American.The investors, who collectively hold more than 15% of Anglo American, told FT that BHP would need to sweeten its offer.
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