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Heavy mineral and metals mining is one of the dirtiest industries on the planet, but Chinese equipment giant XCMG doesn’t think it has to stay that way. To prove it, the company has unveiled a sweeping pledge to electrify and decarbonize mining — and they’re dragging over 100 global partners with them.
Along with with 107 global industry partners from 26 countries, Chinese equipment brand XCMG has issued a Joint Declaration on Global Zero-Carbon Smart Mining, aiming to electrify, automate, and otherwise decarbonize international mining. The pledge addresses 12 key areas including electrification, autonomous operation, net-zero emissions, circular economy, technology sharing, international cooperation, and smarter maintenance strategies.
“As a global leader in zero-carbon smart mining solutions, XCMG is committed to addressing industry bottlenecks through integrating new energy equipment, intelligent control systems and full-lifecycle services,” said Yang Dongsheng, chairman of XCMG Group. “We have resolved the four core challenges of energy infrastructure, new energy equipment portfolios, smart mining management systems and financial support, aiming to help our customers achieving both business growth and environmental wins.”
It’s always great to see efforts like this to decarbonize. But those efforts mean millions of new equipment assets to replace the millions of existing diesel assets deployed currently.
As luck would have it, XCMG is perfectly positioned to offer those zero-emissions equipment assets. The company says it has, “the complete mining equipment solutions for open-pit and underground mines, as well as its smart construction ecosystem.”
XCMG will sell you the future, today
Multinational mining companies like Fortescue are saving up to $400 million per year on fuel costs alone with the few assets its electrified (or repowered) already, there are more than environmental reasons to push for a coalition like this — especially if you’re XCMG, whose BYD-developed battery swap technology puts them a step or three ahead of even the excellent equipment options from Volvo CE.
With a strong hand in the autonomous haul truck race and ultra-competitive pricing to back their electric plays, it seems like XCMG is about to get serious as it expands its reach into the Western world. It’s no wonder the legacy brands are running scared and hiding behind the bogus “messy middle” propaganda!
SOURCE | IMAGES: XCMG, via Construction Briefing.
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