Rio Tinto iron ore train derailed at weekend in Western Australia

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Rio Tinto iron ore train derailed at weekend in Western Australia
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MELBOURNE :Rio Tinto was working on Monday to recover about 30 wagons of a self-driving iron ore train that derailed in Western Australia, an accident that analysts said had the potential to disrupt its exports, although no one was injured. Saturday's incident was the second such event after peer BHP Group

MELBOURNE :Rio Tinto was working on Monday to recover about 30 wagons of a self-driving iron ore train that derailed in Western Australia, an accident that analysts said had the potential to disrupt its exports, although no one was injured.

"The incident involved a loaded train, with approximately 30 wagons derailed," a spokesperson said in an email, adding that the derailment took place at 6.30 p.m. about 20 km from Dampier in the Pilbara. The incident is likely to have torn up track on one of the miner's two lines to export ports, said David Lennox of wealth manager Fat Prophets in Sydney, which holds Rio shares.

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