Wabtec Secures a $277-Million Locomotive Order from SimFer (Rio Tinto JV) to Support the Simandou Iron Ore Project
31 July 2024 - 1:00AM
Business Wire
Wabtec Corporation (NYSE: WAB) today announced an order for
Evolution Series ES43ACmi locomotives from SimFer, a joint venture
among the Government of the Republic of Guinea, Rio Tinto, and
Chalco Iron Ore Holdings (CIOH). The order, valued at $277 million,
will provide a locomotive fleet to service the rail operations for
the Simandou high-grade iron ore project, located in the east of
Guinea.
SimFer Managing Director Chris Aitchison said: “Our new
partnership with Wabtec represents an important milestone for the
Simandou project and brings us even closer to the delivery of the
TransGuinéen railway - critical infrastructure that can support
economic development across the country.
“This partnership reinforces our commitment to delivering
Simandou to globally recognized environmental standards, by
providing locomotives that will deliver best-in-class fuel
efficiency and the capability to meet international emission
standards.”
The ES43ACmi is a dual-cab locomotive with a 4,500HP Evolution
Series engine. The locomotive provides best-in-class fuel
efficiency, and proven performance in high-temperature
environments. It also meets UIC 3A and the U.S. Environmental
Protection Agency's Tier 3 emission standards.
Wabtec President of Freight Equipment Rogerio Mendonca said: “We
are proud that the largest mining and related infrastructure
project in Africa will leverage Wabtec’s world leading engineering
and manufacturing resources. Our global team worked together to
understand SimFer’s needs and provide a solution specifically
tailored for Simandou.”
The Simandou mountain range, located in the southeast of the
Republic of Guinea, contains the world's largest untapped reserve
of high-grade iron ore, estimated at over 2 billion tonnes.
Simandou represents a transformational opportunity for Guinea and
will support economic development across the country .
About Wabtec
Wabtec Corporation (NYSE: WAB) is revolutionizing the way the
world moves for future generations. The company is a leading global
provider of equipment, systems, digital solutions and value-added
services for the freight and transit rail industries, as well as
the mining, marine and industrial markets. Wabtec has been a leader
in the rail industry for over 150 years and is the worldwide leader
in the decarbonization of freight rail. Visit Wabtec’s website at
www.wabteccorp.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20240729252944/en/
Media Contacts: Tim Bader (United States) +1 682-319-7925
tim.bader@wabtec.com
Investor Contact: Kyra Yates +1 817-349-2735
kyra.yates@wabtec.com
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