Rio Tinto announces start of iron ore rail cars production with Gemco [Yahoo! Finance]
Rio Tinto Plc (RIO)
US:NYSE Investor Relations:
riotinto.com/investors-87.aspx
Company Research
Source: Yahoo! Finance
The company is investing A$150m ($94.8m) to procure 100 rail cars as part of its operations in the Pilbara region. This expansion is expected to create up to 25 jobs in Pilbara. The new cars are being produced collaboration with Gemco Rail and CRRC Qiqihar Rolling Stock, with support from the WA government to establish a local supply chain and support manufacturing in the region. The first batch of 40 rail cars is being produced at Gemco's facility in Forrestfield, Perth. A new manufacturing workshop in Karratha is set to construct another 60 rail cars later this year. Gemco has received a A$6.9m ($4.3m) grant from the WA Government's Local Manufacturing Investment Fund (LMIF), aiding upgrades at the Forrestfield site and the establishment of the Karratha facility. An additional LMIF grant of A$340,929 ($215,512) has been invested in modernising equipment at Forrestfield, which has also won a contract to supply 40 rail wagons to BHP. The LMIF has invested more than $13.5m
Show less
Read more
Impact Snapshot
Event Time:
RIO
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
RIO alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
RIO alerts
High impacting Rio Tinto Plc news events
Weekly update
A roundup of the hottest topics
RIO
News
- Rio Tinto (NYSE:RIO) had its "overweight" rating reaffirmed by analysts at Morgan Stanley.MarketBeat
- Iron Ore Price Rising Not Falling As A Commodities Rush Develops [Forbes]Forbes
- This Dividend ETF Has Crushed the S&P 500 in 2025. Should You Buy It Before 2026? [Yahoo! Finance]Yahoo! Finance
- Rhodes Ridge Joint Venture partners begin $191 million feasibility study on up to 50Mtpa Pilbara iron ore mine [Yahoo! Finance]Yahoo! Finance
- Rhodes Ridge Joint Venture partners begin $191 million feasibility study on up to 50Mtpa Pilbara iron ore mineBusiness Wire