Rio Tinto continues Koodaideri contract spree

According to Mining News Pro - The production and supply of the ties will be performed by Vossloh’s Australian subsidiary, Austrak, which the company acquired in late 2018 and represents Vossloh’s first major order in Australia.

The order encompasses approximately 280,000 concrete ties, which are expected to be delivered in 2020.

The ties form part of Rio Tinto’s project in the Pilbara, which includes the construction of an additional rail line to connect Koodaideri to the company’s existing network.

Rio Tinto expects to start production at the mine in late 2021, with Austrak performing deliveries of the ties from a factory in Western Australia.

The factory will also serve as a production site for further upcoming mining projects in the Pilbara region, with the potential to offer further growth opportunities for Vossloh in Australia.

Vossloh AG chief executive officer Andreas Busemann said, “we are excited to see that our recent acquisition Austrak succeeded in this tender, contributing substantial value to Vossloh shortly after acquisition.

“This perfectly underlines the company’s strong position in Australia’s concrete tie market and once again confirms Vossloh’s outlook for the 2020 fiscal year, seeing an increase in sales and profitability.”