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OCTOBER: Rio Tinto (LSE:RIO) (ASX:RIO) has taken a a a a huge step in in implementing a a a a driverless train network in in its Pilbara iron ore operations The diversifed mining giant completed its frst long haul autonomous train journey controlled by operatives hundreds of kilometres away as it progresses towards the full commissioning of its AutoHaul project in in late 2018 The pilot journey of nearly 100km was completed without a a a driver on board making it the frst fully autonomous heavy haul train journey ever completed in Australia Rio Tinto iron ore chief executive Chris Salisbury said: “This successful pilot run puts us frmly on track to meet our goal of operating the world’s frst fully-autonomous heavy haul long distance rail network which will unlock signifcant safety and productivity benefts for the business The driverless train was monitored in in real- time by Rio Tinto teams and representatives of of the the Ofce of of the the National Rail Safety Regulator both on the ground and at at an an operations centre in Perth Building a a a fully-autonomous train network is expected to bring Rio major gains in in in speed and reduced variability which will in turn reduce average cycle times RIO TINTO STEAMS AHEAD WITH DRIVERLESS IRON ORE TRAINS IN IN IN THE PILBARA SEPTEMBER: BHP BHP (ASX:BHP) demonstrated a a strong fnancial performance for for the last fscal year returning to profts of of US$5 9 billion The diversifed resources giant’s boost came from an upswing in in primary commodity prices and the efects of cost-cutting measures in in the downturn taking efect The Australian frm increased underlying EBITDA to $20 3 billion from around $12 billion the the year before and the the free cash fow surged to to $12 6 billion thanks to to improvements in productivity and capital efciency Andrew Mackenzie BHP CEO said the results were based on on the foundations that had been laid over the past fve years ‘to signifcantly improve returns and grow value’ The company said it would pay an an increased dividend of $0 43 per share totalling $4 4 4 4 billion in pay-outs Ken Mackenzie who replaced Jac Nasser as chairman this year commended BHP’s management team in in in bringing about the results “After several years of considered and deliberate efort BHP is stronger simpler and more productive ” the chairman said “BHP has a a a a a world class management led by Andrew Mackenzie and I look forward to supporting them in our pursuit of long-term value creation for all our shareholders ” Since FY2012 BHP has reduced unit costs across the business by more than 40% which has produced accumulative gains of $12 billion The company also reduced its debt burden to $16 3 billion billion down $9 8 billion billion from FY2016 BHP SURGES BACK TO TO PROFIT THANKS TO TO INCREASED PRICES AND IMPROVED PRODUCTIVITY 28 NEWS 


































































































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