EGN engenco limited
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Partnership with Rio Tinto

  1. ASXwatcher007
    152 Posts.
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    13/06/23
    13:56
    Post #: 68260372
    Hi All,

    Engenco has announced that its division Gemco Rail will establish a facility in Karratha to support Rio Tinto's Pilbara operations.

    Gemco Rail will also build 100 iron ore rail cars for Rio Tinto over a six-year period.

    The contracts with Rio Tinto are expected to collectively be worth approximately $150 million.

    The first WA built iron ore rail car is expected to be delivered by mid-2024.

    Well done to CEO Dean Draper and his team!
    EGN Price at posting: 45.0¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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