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    Train in Australia. File photo

    Runaway Train Travels 92km Without Driver, Leaves Mining Giant With Huge Losses

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    Iron ore supplies make up almost half of BHP Billiton's profits, but the incident with the train will bring its operations in Western Australia to a halt for several days or more, depending on the extent of the damage.

    A 268-car freight train belonging to the Australian mining giant BHP Billiton loaded with iron ore was forcibly derailed after it traveled some 92 kilometers without a driver. The driver left his post to check up on one of the wagons, when suddenly the train took off without him and drove towards Port Hedland. Fortunately, no one was hurt when the train was forcibly stopped.

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    Port Hedland, again

    Публикация от Sam E (@the.sneaky.prawn) 31 Окт 2018 в 10:43 PDT

    It remains unclear what caused the train to take off by itself, but the Australian Transport Safety Bureau has already sent two experts to look into the matter. At the same time, BHP Billiton, which is a major exporter of iron ore, was forced to halt its operations due to the incident.

    READ MORE: WATCH Moment Passenger Train Derails in Deadliest Taiwan Rail Crash in Decades

    Depending on the extent of damage to the tracks, the repairs might take some time. According to the Financial Times, citing Edward Sterck, an analyst at BMO Capital Markets, the incident is likely to affect train loads and speeds, as well as the time for ore shipments. Considering the fact that iron ore brings in roughly 40% of the mining giant's profits, it could have a significant effect on BHP Billiton's gains.

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    derailment, train crash, BHP Billiton, Australia
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