Gold mining giant Newmont Corporation and leading construction and mining equipment manufacturer Caterpillar announced today a strategic alliance to deliver a fully connected, automated, zero carbon-emitting, end-to-end mining system.
Under the alliance, the two companies plan to validate equipment, infrastructure, technologies, and processes to transform both surface and underground mining, focusing on safety, automation, decarbonization, optimization, data, and asset management across Newmont’s global operations.
Jim Umpleby, Chairman, and CEO of Caterpillar said:
“Caterpillar is committed to providing transformational advancements in safety, sustainability and technology. We share Newmont’s dedication to a reduced-carbon future, and we’re honored to work together on this industry leading effort.”
Newmont’s surface and underground mining fleets account for approximately 40% of the company’s carbon emissions. According to the company, building a new model for surface and underground mining is critical to delivering on its climate targets, announced late last year, which include achieving 30% reduction in greenhouse gas (GHG) emissions by 2030, and net-zero by 2050.
As part of the agreement, Newmont will provide an initial investment of $100 million as the companies set initial automation and electrification goals for mining infrastructure and haulage fleet at Newmont’s Cripple Creek, Victor mine in Colorado, and Tanami mine in Australia. The goals include the introduction of an automated haulage fleet of up to 16 vehicles at CC&V planned through 2023, as well as the development of Caterpillar’s first battery-electric zero-emissions underground truck to be deployed at Tanami by 2026.
Tom Palmer, President, and CEO of Newmont Corporation, said:
“A year ago, Newmont announced industry-leading emission reduction targets because we understand the human contribution to climate change. We followed with a commitment to invest $500 million over five years to identify pathways forward as we firmly believe that we must make bold, lasting commitments to achieve the necessary change for a bright, healthy future.
“Today, we furthered that commitment by announcing a new strategic alliance with Caterpillar to address climate change by fundamentally changing the mining industry through the rapid development and implementation of a comprehensive all-electric autonomous mining system to achieve zero emissions mining.”
Newmont will also be supporting Caterpillar’s validation of evolving features and functionality within the MineStar suite to be deployed across Newmont’s surface and underground assets globally to centralize production and asset management. MineStar is a suite of technology offerings that provide users with improvements in their operations and maintenance organizations.