#None #Beijing #XCMG #Fortescue #green mining

Record-Breaking Partnership in Green Mining

In September 2025, XCMG Machinery (SHE: 000425), a leading global manufacturer of construction equipment, made headlines by sealing a significant agreement with Fortescue Metals Group, one of the world’s largest iron ore producers. This partnership, celebrated in Beijing, marks a groundbreaking moment as XCMG commits to deliver between 150 to 200 fully electric battery-operated mining trucks, each with a capacity of 240 tons. This order represents the largest export of eco-friendly mining equipment ever made to China, highlighting a significant shift towards sustainable mining practices.

Nature of the Agreement

The official announcement took place on September 26, 2025, during a session at the United Nations General Assembly in New York. Yang Dongsheng, the President of XCMG, and Andrew Forrest, the Executive Chairman of Fortescue, signed the agreement, which is set to meet nearly half of Fortescue's future requirements for electric mining trucks. These trucks are not just a testament to modern engineering; they also underline Fortescue's commitment to achieving carbon neutrality by 2030 in its terrestrial operations. The introduction of this electric fleet is poised to significantly enhance the efficiency and sustainability of Fortescue's iron ore extraction processes.

Collaborative Goals

Amidst a global mining industry increasingly committed to green initiatives, the transition to zero carbon has become a collective goal. Fortescue has been a front-runner in this movement, aiming for complete decarbonization by 2030, which includes the elimination of fossil fuels in its iron ore operations. This ecological vision closely aligns with XCMG's strategy for intelligent, carbon-neutral mining operations.

XCMG, dedicated to establishing best practices in the mining sector, employs AI technology and advanced machinery to execute effective surface and underground operations. The collaboration with Fortescue is not just about providing equipment; it’s about integrating groundbreaking solutions designed for a sustainable future.

Enhancing Previous Collaborations

This is not the first collaboration between these two industry titans. Just a year prior, at the bauma CHINA fair, they had already established a record for the largest export contract of electric mining machinery from China. This new partnership, however, transcends mere commercial interaction; it serves as a validation of XCMG’s innovative capabilities in the ecological mining equipment sector.

With this agreement, XCMG will play a pivotal role in Fortescue’s global green strategy, enhancing the commercialization of machinery vital for industrial decarbonization. Both companies are devoted to addressing the pressing needs of the mining industry while simultaneously contributing to a more sustainable world.

Industry Impact

XCMG’s dedication to creating a sustainable future extends beyond mere production. From developing best-practice models for intelligent mining, such as the Yimin mine operated by China Huaneng, to being recognized as one of the top four manufacturers of open-pit mining equipment globally, XCMG’s commitment is firmly rooted in innovation. With a focused vision on inspiring the future through technological design, the company aims to add significant value for its clients through enhanced operational efficiency and sustainability.

The partnership aims to explore joint ventures in low-carbon green technologies and the new energy sector, illustrating a united front against global climate challenges. By working together, XCMG and Fortescue plan to unveil optimal strategies for a transformative ecological transition within the mining industry, setting a global benchmark for environmentally responsible practices.

Looking Ahead

As both companies embark on this promising venture toward carbon-neutral mining, they hope to cultivate a green growth mindset. This partnership not only fosters innovation and collaboration but also stands as a beacon of hope for a sustainable future in mining, plowing ahead with the vision of enriching the planet for future generations. XCMG and Fortescue’s alliance could very well be the blueprint for future partnerships aiming to embrace sustainability in heavy industries worldwide.