News Room - Steel Industry

Posted on 27 Sep 2024

Fortescue plans to pay $2.8 billion to electrify iron ore trucks

Fortescue Ltd., the world's fourth-largest iron ore miner, planned to spend US$2.8 billion to replace two-thirds of its vehicles and equipment in Western Australia with electric versions to reduce diesel use and achieve emissions reduction targets.

The company will buy 475 emission-free machines from Germany's Liebherr Group, including 360 autonomous battery-electric trucks. Meanwhile, the fleet will use Fortescue's battery technology to serve its iron ore operations in the Pilbara region to reduce costs.

Fortescue planned to decarbonize its entire iron ore mining operations by 2030.

Source:Yieh