In Joe’s piece last month, he noted that the mining industry continues efforts to achieve its long-term sustainability goals. He mentioned not only that Rio Tinto and Caterpillar are cooperating on a zero emission 220 tonne haul truck in Western Australia, but also that, in South Africa, ENGIE and Anglo American are tackling the 300–500 tonne haul truck.
There was further news on this front in November. In particular, Newmont announced that it had entered into a strategic alliance with Caterpillar intended to transform mining by delivering a fully connected, automated, zero carbon emitting, end-to-end mining system. A fleet of 26 electric vehicles is expected to be deployed in underground and open pit operations by 2027. This will support Newmont’s net zero carbon goal by 2050.
MVIS Global Junior Gold Miners Index
30/11/2020-30/11/2021
Source: MV Index Solutions. All values are rebased to 1,000. Data as of 30 November 2021.
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