Rio Tinto announces date for automated rail system
Mining titan Rio Tinto is splashing out on the creation of the world's first automated long distance heavy haul rail network, which will service its Pilbara asset in Australia.
Mining titan Rio Tinto is splashing out on the creation of the world's first automated long distance heavy haul rail network, which will service its Pilbara asset in Australia.
The first driverless train will be launched in 2014, with the "AutoHaul" automated train programme scheduled for completion a year later, the company announced.
Rio's contribution to the cost of the creation of the $518m system is $478m and is part of the group's Mine of the Future programme launched in 2008.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
jh
Sign up to Money Morning
Our team, led by award winning editors, is dedicated to delivering you the top news, analysis, and guides to help you manage your money, grow your investments and build wealth.
-
Do you qualify for the Winter Fuel Payment if you live abroad?
The Winter Fuel Payment will be means tested for expats living in Europe, in line with the new rules impacting those in the UK. But a quirk in the system means not all countries are eligible.
By Katie Williams Published
-
What the Employment Rights Bill means for your job
New workplace reforms are set to give employees new rights to benefits and flexible working
By Marc Shoffman Published