#China #Beijing #XCMG #Fortescue #Eco-Friendly Mining

A Historic Milestone for Eco-Friendly Mining

In a landmark event indicating the future of sustainable mining, XCMG Machinery (SHE:000425), a global leader in construction equipment manufacturing, celebrated a major partnership with Fortescue, one of the world’s largest iron ore producers. This collaboration is centered around the supply of eco-friendly mining equipment, and it has led to what is now regarded as the largest order of its type in China's history.

On September 28, 2025, during an elaborate signing ceremony held in Beijing, this ambitious agreement was finalized. Under the terms of the contract, XCMG will deliver between 150 to 200 battery-powered electric transport trucks, each having a capacity of 240 tons, intended for use in Fortescue's mining operations. This acquisition represents a major stride toward supporting Fortescue's objective to achieve carbon-neutral operations by 2030, which is a pivotal aspect of the global mining industry's ongoing green revolution.

A Commitment to Carbon Neutrality

The drive for carbon neutrality has become a crucial goal in industries across the globe, with the mining sector being no exception. Fortescue stands at the forefront of this sustainability initiative, having set an ambitious target for complete decarbonization in its mining activities by 2030. The supply of these electric trucks is designed to support their transition away from fossil fuels, aligning perfectly with XCMG's vision of smart and carbon-neutral mining practices.

XCMG has long been recognized for its commitment to advancing industry standards in smart mining. With a focus on integrating Artificial Intelligence (AI) into mining processes, the company has developed extensive expertise in both surface and underground mining operations. Their approach is to provide comprehensive, proven, and ready-to-implement solutions that uphold the principles of smart and eco-friendly mining.

This partnership is not new; both companies previously collaborated in November 2024 during the bauma China event, establishing another record for the largest contract of electric mining machinery to be exported from China. With this latest strategic agreement, XCMG has solidified its position in the global mining sector, especially in the realm of eco-friendly technologies, showcasing its innovative capacity to a major industry player like Fortescue.

Accelerating Sustainable Practices in Mining

This collaborative effort is more than just an agreement; it’s a foundational step toward a global ecological strategy in the mining industry. By providing state-of-the-art mining technology and equipment, XCMG aids Fortescue in fast-tracking the commercialization of industrial decarbonization. Together, both entities are set to promote sustainable and high-quality development throughout the mining sector.

From pioneering new practices at the Yimin Mine in China’s Huaneng to supplying mining machinery across Africa, Europe, and the Americas, XCMG is on a mission to lead technological advancements and shape the future of mining. Winners of the 'Decarbonising Mining Awards 2025' and recognized as one of the top four open-pit mining equipment manufacturers, XCMG continues to unlock greater value for its clients.

Additionally, this partnership aims to explore low-carbon and green technologies while jointly developing the new energy sector, which is crucial for tackling global climate challenges. The goal is to offer cutting-edge solutions that set a benchmark for establishing a greener planet and a better home for humanity.

As they embark on this new journey towards carbon-neutral mining, XCMG and Fortescue are not just partnering for business but are cultivating the seeds of green growth and hope in fertile grounds, demonstrating that collaboration can lead to shared success.