https://www.miningweekly.com
Iron Ore|rail|Steel|Operations
Iron Ore|rail|Steel|Operations
iron-ore|rail|steel|operations

Runaway iron-ore train derailment will take BHP a week to solve

Runaway iron-ore train derailment will take BHP a week to solve

Photo by Reuters

6th November 2018

By: Bloomberg

  

Font size: - +

BHP Billiton expects to take about a week to recover from the derailment of one of its iron-ore trains that’s halted its rail operations in Western Australia, potentially bolstering prices of the steelmaking raw material.

The company was forced Monday to derail the train that traveled 92 km without a driver across the Pilbara, the nation’s major iron-ore producing region. BHP’s iron-ore mine operations are unaffected and it’s working with authorities to investigate the cause of the incident, a company spokeswoman said Tuesday.

Stockpiles at Port Hedland will be used over the coming days to maintain port operations, BHP said in a statement. It estimated that about 1.5 km of track has been damaged and anticipates the recovery process to take about one week.

Iron ore surged in October as steel mills in China churn out record volumes before anti-pollution curbs kick in over winter and the government beefs up stimulus. The rail mishap for BHP, the world’s third-largest exporter, could give prices a short-term boost, according to analysts.

Edited by Bloomberg

Comments

Showroom

Aqs image
AQS Liquid Transfer

AxFlow AQS Liquid Transfer (Pty) Ltd is an Importer and Distributor of Pumps in Southern Africa

VISIT SHOWROOM 
Showroom image
Alcohol Breathalysers

Supplier & Distributor of the Widest Range of Accurate & Easy-to-Use Alcohol Breathalysers

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.135 0.17s - 94pq - 2rq
1:
1: United States
Subscribe Now
2: United States
2: