Data from Clarksons show that Chinese buyers, including those headquartered in Singapore, have bought 41% of all the 102 ...

Stock Advisor returns as of February 3, 2025 This article is a transcript of this conference call produced for The Motley ...

Wabtec said it has received a $248 million order for Evolution Series ES43ACmi locomotives and services from Winning Consortium Simandou to support rail operations at its high-grade 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 ...

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 ...

The $248 million contract with Winning Consortium Simandou (WCS) complements a $277 million contract Wabtec (NYSE: WAB) has with another company in the region, SimFer. "As the world's largest ...

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 ...

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 ...

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 ...

The agreement emphasizes close collaboration between WABTEC and key mining partners—WCS, BAOWU, and RIO TINTO/SIMFER—under the umbrella of the Trans-Guinean Company (CTG). President Doumbouya ...