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Newmont (NYSE: NEM) has commissioned its first battery-electric large mining truck at the Cripple Creek and Victor mine in Colorado. The Early Learner Cat® 793 XE represents a significant step in Newmont’s commitment to reducing greenhouse gas emissions. The initiative is part of Newmont’s strategic alliance with Caterpillar Inc. and aims to address emissions from diesel combustion machines in surface and underground mining operations. Both companies will focus on validating and testing the vehicle to understand its implementation and impact, potentially setting new industry standards for sustainable mining practices.
Newmont (NYSE: NEM) ha messo in servizio il suo primo grande camion minerario elettrico a batteria presso la miniera di Cripple Creek e Victor in Colorado. Il camion Early Learner Cat® 793 XE rappresenta un passo significativo nell’impegno di Newmont per ridurre le emissioni di gas serra. Questa iniziativa fa parte dell’alleanza strategica di Newmont con Caterpillar Inc. e mira ad affrontare le emissioni dei macchinari a combustione diesel nelle operazioni minerarie in superficie e sotterranee. Entrambe le aziende si concentreranno sulla validazione e sul collaudo del veicolo per comprendere la sua implementazione e il suo impatto, potenzialmente stabilendo nuovi standard di settore per pratiche minerarie sostenibili.
Newmont (NYSE: NEM) ha puesto en marcha su primer camión minero grande eléctrico a batería en la mina de Cripple Creek y Victor en Colorado. El camión Early Learner Cat® 793 XE representa un paso significativo en el compromiso de Newmont con la reducción de las emisiones de gases de efecto invernadero. Esta iniciativa forma parte de la alianza estratégica de Newmont con Caterpillar Inc. y tiene como objetivo abordar las emisiones de las máquinas de combustión diésel en las operaciones mineras de superficie y subterráneas. Ambas empresas se centrarán en la validación y prueba del vehículo para comprender su implementación e impacto, estableciendo potencialmente nuevos estándares industriales para prácticas mineras sostenibles.
뉴몬트(NYSE: NEM)는 콜로라도의 크리플 크릭 및 빅터 광산에 첫 번째 배터리 전기 대형 광산 트럭을 도입했습니다. Early Learner Cat® 793 XE는 뉴몬트가 온실가스 배출을 줄이겠다는 약속의 중요한 발걸음을 나타냅니다. 이 이니셔티브는 뉴몬트가 캐터필러와 맺은 전략적 동맹의 일환이며, 표면 및 지하 채굴 작업에서 디젤 연료를 사용하는 기계의 배출 문제를 해결하는 것을 목표로 하고 있습니다. 두 회사는 차량의 구현 및 영향을 이해하기 위해 검증 및 테스트에 집중하며, 지속 가능한 채굴 관행을 위한 새로운 산업 표준을 설정할 가능성이 있습니다.
Newmont (NYSE: NEM) a mis en service son premier grand camion minier électrique à batterie à la mine de Cripple Creek et Victor dans le Colorado. Le camion Early Learner Cat® 793 XE représente un pas significatif dans l’engagement de Newmont à réduire les émissions de gaz à effet de serre. Cette initiative fait partie de l’alliance stratégique de Newmont avec Caterpillar Inc. et vise à traiter les émissions générées par les machines à combustion diesel dans les opérations minières à ciel ouvert et souterraines. Les deux entreprises se concentreront sur la validation et les tests du véhicule pour comprendre son implémentation et son impact, établissant potentiellement de nouvelles normes industrielles pour des pratiques minières durables.
Newmont (NYSE: NEM) hat seinen ersten batteriebetriebenen großen Bergbau-Lkw in der Cripple Creek und Victor Mine in Colorado in Betrieb genommen. Der Early Learner Cat® 793 XE stellt einen bedeutenden Schritt im Engagement von Newmont dar, die Treibhausgasemissionen zu reduzieren. Diese Initiative ist Teil der strategischen Allianz von Newmont mit Caterpillar Inc. und zielt darauf ab, die Emissionen von dieselbetriebenen Maschinen im offenen und unterirdischen Bergbau zu reduzieren. Beide Unternehmen werden sich darauf konzentrieren, das Fahrzeug zu validieren und zu testen, um seine Implementierung und Auswirkungen zu verstehen, und möglicherweise neue Branchenstandards für nachhaltige Bergbaupraktiken zu setzen.
Positive
- Introduction of innovative battery-electric technology to reduce operational emissions
- Strategic partnership with Caterpillar advancing sustainable mining solutions
Insights
The deployment of Newmont’s first battery-electric Cat 793 XE mining truck represents a significant step in mining’s green transition, though its immediate financial impact is The strategic importance lies in validating large-scale electric vehicle technology in mining operations, where diesel vehicles currently account for substantial emissions. Key implications include:
- Potential for significant long-term operational cost reductions through lower fuel and maintenance expenses
- Enhanced ESG profile, supporting Newmont’s carbon reduction commitments
- Valuable data collection for fleet-wide electrification strategy
While this single truck won’t materially impact Newmont’s $55.4B market cap, successful validation could accelerate broader fleet conversion, leading to meaningful cost savings and emissions reductions across their global operations. The Caterpillar partnership positions Newmont as an industry leader in sustainable mining practices.
The addition of the Cat truck to Newmont’s fleet reflects commitment to implementing more sustainable mining practices
DENVER–(BUSINESS WIRE)– Newmont Corporation (NYSE: NEM, TSX: NGT, ASX: NEM, PNGX: NEM) (“Newmont”) today announces the commissioning of its first battery-electric large mining truck at the Cripple Creek and Victor (CC&V) mine in Teller County, Colorado, U.S. The vehicle, dubbed the Early Learner Cat® 793 XE, is an important milestone for Newmont, made possible through its strategic alliance with Caterpillar Inc.
“The arrival of the Early Learner Cat 793 XE underscores our ongoing commitment to reducing greenhouse gas (GHG) emissions across our business,” said Natascha Viljoen, Chief Operating Officer at Newmont. “As we look toward the future, our focus remains on creating a safer and more productive mining environment and this battery-electric large mining truck is one more step we are taking to further advance our safety and sustainability commitments.”
Currently, surface and underground mining diesel combustion machines are responsible for a significant portion of Newmont’s carbon emissions. Introducing innovative solutions like the Early Learner 793 XE at the mine-site level demonstrates our ongoing commitment towards reducing emissions.
“As the mining industry navigates the energy transition, we know a diverse set of solutions will be required for our customers to achieve their operational and sustainability objectives,” said Denise Johnson, Group President of Resource Industries, Caterpillar. “We are excited about our collaboration with Newmont and working with them to truly understand the implementation and impact of the Early Learner 793 XE at CC&V.”
Newmont and Caterpillar will focus on validating and testing the Early Learner 793 XE. These efforts will provide insights into how mining operations can incorporate battery-electric large mining trucks, setting a new standard for the industry.
To learn more about Newmont’s strategic alliance with CAT click here.
About Newmont
Newmont is the world’s leading gold company and producer of copper, zinc, lead, and silver. The company’s world-class portfolio of assets, prospects and talent is anchored in favorable mining jurisdictions in Africa, Australia, Latin America & Caribbean, North America, and Papua New Guinea. Newmont is the only gold producer listed in the S&P 500 Index and is widely recognized for its principled environmental, social, and governance practices. Newmont is an industry leader in value creation, supported by robust safety standards, superior execution, and technical expertise. Founded in 1921, the company has been publicly traded since 1925.
At Newmont, our purpose is to create value and improve lives through sustainable and responsible mining. To learn more about Newmont’s sustainability strategy and initiatives, go to www.newmont.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20241029254346/en/
Media Contact:
Jennifer Pakradooni
globalcommunications@newmont.com
Investor Contact:
Neil Backhouse
investor.relations@newmont.com
Source: Newmont Corporation
FAQ
What type of electric vehicle did Newmont (NEM) receive in 2024?
Newmont received the Early Learner Cat® 793 XE, a battery-electric large mining truck, at its Cripple Creek and Victor mine in Colorado.
Where is Newmont (NEM) deploying its first battery-electric mining truck?
Newmont is deploying the battery-electric mining truck at the Cripple Creek and Victor (CC&V) mine in Teller County, Colorado, U.S.
Why is Newmont (NEM) introducing battery-electric mining trucks?
Newmont is introducing battery-electric mining trucks to reduce greenhouse gas emissions from diesel combustion machines in surface and underground mining operations.
