Rio speeds up plan for driverless ore trains

Original article by Matt Chambers
The Australian – Page: 15 & 24 : 23-Jan-18

Rio Tinto’s AutoHaul project to fully automate its iron ore trains in the Pilbara is slated for completion by the end of 2018. The project was first mooted in 2008 and it was initially expected to be completed in 2015, while it is likely to cost significantly more than the $US518m that had originally been budgeted. However, Rio Tinto expects the move to driverless trains will allow it to ship an additional 20 million tonnes of iron ore each year, which will in turn significantly increase its profits.

CORPORATES
RIO TINTO LIMITED – ASX RIO

Fortescue conveyor belts to lower costs

Original article by Tess Ingram
The Australian Financial Review – Page: 27 : 28-Jun-17

The introduction of self-driving haulage trucks has increased productivity at Fortescue Metals Group’s Solomon mining hub by about 20 per cent since 2012. The pure-pure iron ore miner has 56 autonomous trucks at Solomon, with plans to convert another 12. Fortescue will also begin converting 100 trucks at its Chichester hub in fiscal 2018. It also intends to undertake a trial of relocatable overland conveyor belt technology at the Cloudbreak mine, which could allow its fleet of haulage trucks to be reduced.

CORPORATES
FORTESCUE METALS GROUP LIMITED – ASX FMG, RIO TINTO LIMITED – ASX RIO, VALE SA, BHP BILLITON LIMITED – ASX BHP, SHAW AND PARTNERS LIMITED