📖 Your Q2 Earnings Guide: Discover the Stocks ProPicks AI Highlights to Jump Post-EarningsRead more

Rio Tinto, BHP to collaborate on electric haul truck trials in Pilbara

Published 05/27/2024, 12:36 AM
Updated 05/27/2024, 12:40 AM
© Reuters. FILE PHOTO: The Rio Tinto logo is displayed above the global mining group's booth at the Prospectors and Developers Association of Canada (PDAC) annual conference in Toronto, Ontario, Canada March 7, 2023. REUTERS/Chris Helgren/File Photo
CAT
-
RIO
-
BHP
-
KMTUY
-

(Reuters) - Top Australian miners Rio Tinto (NYSE:RIO) and BHP Group (NYSE:BHP) will work together for testing large battery-operated electric haul truck technology in the Pilbara region of Western Australia, Rio Tinto said on Monday.

Rio and BHP, which are targeting to achieve net zero operational greenhouse gas emissions by 2050, will work with manufacturers Caterpillar (NYSE:CAT) and Komatsu (OTC:KMTUY) to conduct independent trials of their battery-electric haul trucks, Rio said in a statement.

The trials will be undertaken to assess performance and productivity in the Pilbara environment and represent the first stage of electric haul truck testing at BHP and Rio's Pilbara operations.

© Reuters. FILE PHOTO: The Rio Tinto logo is displayed above the global mining group's booth at the Prospectors and Developers Association of Canada (PDAC) annual conference in Toronto, Ontario, Canada March 7, 2023. REUTERS/Chris Helgren/File Photo

Two Cat 793 haul trucks will be trialled from the second half of 2024, and two Komatsu 930 haul trucks will be tested from 2026 under the collaboration.

"As we work to repower our Pilbara operations with renewable energy, collaborations like this move us closer to solving the shared challenge of decarbonising our operations, and meeting our net zero commitments," Rio Tinto Iron Ore Chief Executive Simon Trott said.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.