Fortescue Electrifies Iron Ore Trucks in $2.8 Billion Deal --[Reported by Umva mag]

Fortescue Ltd., the world’s fourth-biggest iron ore miner, will pay $2.8 billion to replace two-thirds of its fleet of haulage trucks and equipment in Western Australia with electric versions, as it seeks to cut diesel consumption and meet ambitious emissions-reduction targets.

Sep 25, 2024 - 01:12

Fortescue Electrifies Iron Ore Trucks in $2.8 Billion Deal --[Reported by Umva mag]

(Bloomberg) — Fortescue Ltd., the world’s fourth-biggest iron ore miner, will pay $2.8 billion to replace two-thirds of its fleet of haulage trucks and equipment in Western Australia with electric versions, as it seeks to cut diesel consumption and meet ambitious emissions-reduction targets. Read More

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