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It's an excellent story for Fortescue. The cost effective decarbonisation of their mining operations is the clearest best value investment they can make (in the energy cost field) . Each electric truck/dozer/excavater they have reduces their operating costs and (hopefully) adds a profit from the joint partnership with Liebherr. Given the uptake will be phased in to current replacement cycles there should be no real additional expenditure.This announcement however is also a sell job to other mining companies. Considering there is a financial partnership between FMG and Liebherr the overall success of rapid decarbonistaion in the industry should add to FMG bottom line.
It's an excellent story for Fortescue. The cost effective decarbonisation of their mining operations is the clearest best value investment they can make (in the energy cost field) . Each electric truck/dozer/excavater they have reduces their operating costs and (hopefully) adds a profit from the joint partnership with Liebherr. Given the uptake will be phased in to current replacement cycles there should be no real additional expenditure.
This announcement however is also a sell job to other mining companies. Considering there is a financial partnership between FMG and Liebherr the overall success of rapid decarbonistaion in the industry should add to FMG bottom line.
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