Runaway Iron Ore Train Derailment Will Take BHP a Week to Solve
- Company says mine operations not affected by the incident
- Rail suspension may support iron ore prices, analysts say
BHP has more than 1,000 kilometers of rail infrastructure in the ore-rich Pilbara.
Photographer: Nelson Ching/Bloomberg
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BHP Billiton Ltd. expects to take about a week to recover from the derailment of one of its iron ore trains that’s halted its rail operations in Western Australia, potentially bolstering prices of the steelmaking raw material.
The company was forced Monday to derail the train that traveled 92 kilometers (57 miles) without a driver across the Pilbara, the nation’s major iron ore producing region. BHP’s iron ore mine operations are unaffected and it’s working with authorities to investigate the cause of the incident, a company spokeswoman said Tuesday.