Fortescue Partners with XCMG for $400M Zero-Emission Mining Equipment Deal
Australian iron ore giant Fortescue has signed a contract with Chinese heavy machinery manufacturer XCMG to acquire over 100 zero-emission heavy mobile mining equipment units. The deal, valued at more than $400 million, is XCMG’s largest mining equipment contract outside China. It includes battery-electric wheel loaders, wheel dozers, water carts, float prime movers, and graders for Fortescue’s Pilbara mining operations. The adoption of these zero-emission machines is expected to eliminate millions of liters of fossil fuel consumption over the lifespan of the equipment. Initial deployments are scheduled for 2026, with…
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