Fortescue's Partnership with Liebherr for Zero Emission Mining Solutions

Fortescue Ltd (ASX:FMG) has announced a significant expansion of its partnership with global equipment manufacturer Liebherr, aiming to jointly develop and validate a range of zero emission mining solutions. The partnership will see approximately 475 zero emission machines supplied by Liebherr, powered by Fortescue Zero's battery power system, and the deployment of an autonomous battery electric haulage solution for large scale mining operations. This initiative is aligned with Fortescue's target to achieve Real Zero Scope 1 and 2 emissions across its Australian terrestrial iron ore operations by 2030.

Executive Commentary on the Partnership and Its Significance

Fortescue Executive Chairman, Dr Andrew Forrest AO, emphasized the importance of partnerships like the one with Liebherr, stating that it is a critical step towards achieving the company's 2030 Real Zero target. He invited other companies in the mining, heavy industry, and haulage sectors to join Fortescue in transitioning to green solutions, highlighting the urgency of the global shift away from fossil fuels. Fortescue Metals Chief Executive Officer, Dino Otranto, highlighted the innovative nature of the T 264 battery electric truck, powered by Fortescue Zero's battery power system, and its role in leading the industry towards zero emission fleets.

Summary of Fortescue's Green Equipment Partnership with Liebherr

Fortescue's partnership with Liebherr represents a significant step towards creating one of the world's largest zero emission mining fleets. The expansion of the partnership will see approximately 475 zero emission machines supplied by Liebherr, powered by Fortescue Zero's battery power system, and the deployment of an autonomous battery electric haulage solution. This initiative aligns with Fortescue's target to achieve Real Zero Scope 1 and 2 emissions across its Australian terrestrial iron ore operations by 2030. The partnership, valued at up to US$2.8 billion, marks a major breakthrough in the pursuit of a mining industry no longer reliant on fossil fuels. The company's invitation to other industry players to join the transition to green solutions reflects its commitment to driving the global move away from fossil fuels.