Iron Ore Monorail Seen as Savior to ‘Rocks in the Head’
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In the new era of tumbling iron ore prices, producers considering the startup of export mines may have rocks in their head, by some reckonings, or a monorail.
In China, a 3.7 kilometer-long (2.3 mile) test track is being built by Beijing-based CSR Corporation Ltd. for the world’s first driverless iron ore monorail system, designed to transport the mineral about 10 meters above the hostile Australian outback.