After a train hauling iron ore near Dampier derailed over the weekend, Rio Tinto (RIO.AX), the world’s largest iron ore miner, reopened a rail line at its Western Australian facilities on Wednesday.
A Rio Tinto representative said via email that speed limitations would stay in place while the site is cleaned up and the derailment’s cause is investigated.
In late 2018, peer BHP Group (BHP.AX) derailed a runaway iron ore train in the same region. Saturday’s incident was the second in recent years.
One estimate puts the loaded train’s iron ore cargo at 3,900 to 4,500 metric tons.
Analysts say that Rio’s capacity to blend ore to fulfill customer needs may be affected by its use of port stocks.
Rio Tinto declined to comment on how its customers may be affected.
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