There was some interesting news in October on the miners’ efforts to lower greenhouse gas (GHG) emissions. Most mines run diesel equipment to load and haul rock. Underground gold mines use trucks that haul up to 65 tonnes, while open pit trucks can haul up to 300 tonnes. This is often a company’s largest source of GHG emissions, making the development of non-diesel equipment the key to a green mining industry. 

Mining manufacturer Sandvik1 will begin testing the largest battery-electric truck for underground mining at the Sunrise Dam gold mine in Western Australia, with hopes of bringing it to market in 2023. Inadequate charging time and battery life have been the main impediments to adopting underground electric haul trucks. Hopefully this truck will meet the miners’ needs.

MVIS® Global Junior Gold Miners Index


Source: MarketVector IndexesTM. All values are rebased to 1,000. Data as of November 7, 2022.

1 Sandvik: Underground mining's largest BEV [battery electric vehicle] truck to make Australian debut, October 17, 2022,


About the Author:

Joe Foster has been Portfolio Manager for the VanEck International Investors Gold Fund since 1998 and the VanEck – Global Gold UCITS Fund since 2012. Mr. Foster, an acknowledged authority on gold, has over 10 years of dedicated experience in geology and mining including as a gold geologist in Nevada. He has appeared in The Wall Street Journal, Financial Times, Barron's, and on Reuters, CNBC and Bloomberg TV. Mr. Foster has also published articles in a number of mining journals, including Mining Engineering and Geological Society of Nevada.

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