Newmont (TSX: NGT; NYSE: NEM) and Caterpillar have partnered to provide a fully connected, automated, carbon-free integrated mining system. Together they will work together to create a safer and more productive mine and provide significant support to Newmont in meeting its 2030 targets of reducing greenhouse gas (GHG) emissions by more than 30%, with the ultimate goal of being carbon neutral by 2050.
Creating pathways for decarbonization is essential for the future of the mining sector. Newmont’s above-ground and underground park accounts for approximately 40% of the company’s carbon footprint. Building a new model for surface and underground mining is key to achieving Newmont’s emissions reduction goals.
Newmont will also support Caterpillar’s validation of features and development capabilities in the MineStar suite, which will be deployed to Newmont’s above and below ground assets around the world. This introduction facilitates the centralized management of production and resources.
Under the agreement, Newmont plans to provide an initial investment of $100 million as the companies set initial targets to automate and electrify the surface and underground mining infrastructure and transport fleets at the Newmont Cripple Creek and Victor mines in Colorado and the Tanami mine in the Northern Territory. , Australia.
Cripple Creek is expected to have an automated fleet of up to 16 vehicles by 2023 with fleet electrification and Caterpillar’s advanced electrification system and infrastructure, with delivery of a test fleet in 2026.
At Tanami, Caterpillar will develop its first zero-emissions electric underground truck, to be installed by 2026.
The new alliance lays the foundation for the rapid development and deployment of technologies that will ultimately improve safety, productivity and energy efficiency in the mining industry.