https://www.miningweekly.com
Building|Business|Engineering|Mining|rail|Technology|transport|Trucks|Infrastructure|Operations
Building|Business|Engineering|Mining|rail|Technology|transport|Trucks|Infrastructure|Operations
building|business|engineering|mining|rail|technology|transport|trucks|infrastructure|operations

Anglo invests $200m to accelerate zero emissions haulage solution

7th December 2022

By: Martin Creamer

Creamer Media Editor

     

Font size: - +

JOHANNESBURG (miningweekly.com) – Diversified mining company Anglo American has signed a binding agreement with First Mode, the specialist engineering technology company it partnered to develop the nuGenTM technology.

The agreement is intended to accelerate the commercialisation of the climate-friendly truck and includes Anglo investing an additional $200-million in the combined business to help fund ongoing development.

The London- and Johannesburg-listed mining company will next year enter into a supply agreement with First Mode to decarbonise its global fleet of 400 haulage trucks in support of its 2040 carbon neutral operations goal.

Roll-out is subject to the completion of agreed studies across seven mine sites, certain performance and cost criteria, and relevant regulatory, corporate and shareholder approvals.

Provision of supporting infrastructure such as refuelling, recharging, and facilitation of hydrogen production is included.

The capabilities exist to develop present opportunities beyond Anglo's own haul truck fleet, including across other industries that rely on heavy duty forms of transport, such as rail.

The new combined business will allow strategic third parties to co-invest, offering the opportunity to accelerate their own decarbonisation and participate in the potential offered by clean hydrogen technology.

The new combined business retains the First Mode name and will prioritise building on three years of extensive co-development, Anglo stated in a release to Mining Weekly .

Edited by Creamer Media Reporter

Comments

Showroom

Aqs image
AQS Liquid Transfer

AxFlow AQS Liquid Transfer (Pty) Ltd is an Importer and Distributor of Pumps in Southern Africa

VISIT SHOWROOM 
Weir Minerals Africa and Middle East
Weir Minerals Africa and Middle East

Weir Minerals Europe, Middle East and Africa is a global supplier of excellent minerals solutions, including pumps, valves, hydrocyclones,...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Magazine round up | 19 April 2024
Magazine round up | 19 April 2024
19th April 2024
Resources Watch
Resources Watch
17th April 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.247 0.286s - 108pq - 2rq
1:
1: United States
Subscribe Now
2: United States
2: