Locomotive deals worth more than half a billion dollars signal iron ore could start flowing to ports this year After almost three decades of false starts, the massive Simandou iron ore mine in Guinea ...

Wabtec agreed a few months ago to supply Simfer with a US$277 million locomotive fleet. After almost three decades of false starts, Guinea's massive Simandou iron ore mine is on track to deliver ...

Rio Tinto holds the rights to Blocks 3 and 4 – which host a 2.8 billion tonne resource – in the south of the overall concession area and is the majority shareholder and managing partner of Rio Tinto ...

Wabtec has secured a $248m order from the Winning Consortium Simandou (WCS), a joint venture between Baowu and Winning, to supply locomotives and related services for the Simandou iron ore project ...

This order follows a previous order from SimFer, a Rio Tinto joint venture, to supply locomotives for the same project. The combined value of the orders exceeds $500m, marking them one of Wabtec’s ...

The agreement follows a locomotive order a few months earlier from SimFer (a Rio Tinto joint venture) to serve its operations at Simandou. The combined orders for the project, valued at more than half ...