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The Liebherr conglomerate is to supply the Australian mining giant Fortescue with numerous dump trucks, excavators and bulldozers - all with purely electric drives.

For the Liebherr conglomerate, it is the biggest deal in its 75-year history: In the fall, the company's mining division signed a contract with the Australian raw materials group Fortescue for the delivery of 475 new mining machines with a volume of 2.8 billion US dollars (2.5 billion euros).

The core of the order is the delivery of 360 autonomous, battery-powered giant dump trucks; the deal also includes 55 electric excavators and 60 electric dozers - all for use in Fortescue mines in Western Australia.

Emission-free mines by 2030

Fortescue committed to electromobility years ago. The aim is for the mines to be completely emission-free by 2030. To achieve this, the vehicle fleet is now to be significantly expanded. The relevant machines will be supplied by Liebherr after the two companies launched a partnership in March 2023.

Liebherr is planning significant investments to enable the delivery of the 475 electric mining vehicles. The XL-format machines will be produced in Newport in the USA (dump trucks) and in Colmar, France (excavators).

Liebherr was founded in 1949 by Hans Liebherr in Kirchdorf an der Iller (district of Biberach), but now has its headquarters in Bulle, Switzerland. However, important production sites of the globally active group of companies are still located in Baden-Württemberg - including in Biberach, Ehingen and Bad Schussenried.

https://www.schwaebische.de/wirtschaft/perfekter-deal-groesster-auftrag-der-firmengeschichte-fuer-liebherr-fortescue-3170529

Fortescue relies on white hydrogen and invests 21.9 million dollars in HyTerra. $FMG (+0,15%)

HyTerra increases Nemaha shareholding after EMG gives green light to Fortescue acquisition.

HyTerra increases Nemaha acreage by >15% to over 60,000 acres

Expanded land holdings will support upcoming significant exploration supported by Fortescue following an EGM

Three additional drill sites have been approved and work will commence at the Blythe 13-10 site.

Special Report: With Fortescue's 39.66% acquisition now complete, HyTerra has demonstrated its confidence in the Nemaha Hydrogen Project by acquiring approximately 8,000 new acres of land.

It adds to the 13,000 acres acquired in mid-October 2024 and brings the total leasehold to over 60,000 acres fully owned.

This significantly larger landholding will support HyTerra Limited's (ASX:HYT) upcoming significant exploration campaign, which is backed by a US$21.9 million investment from Andrew Forrest's Fortescue, now sealed after shareholders gave the green light at an extraordinary general meeting on Friday.

The strategic alliance agreement between the two companies is aimed at advancing the wholly owned project while exploring new opportunities globally. Fortescue's funds are already earmarked for an expanded drilling campaign over the Nemaha Ridge.

https://stockhead.com.au/energy/hyterra-bulks-up-nemaha-landholding-after-emg-greenlights-fortescue-acquisition/

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Australia is a beautiful country.

The beginning of a new era in mining.

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Dino Otranto, Chief Executive Officer of Fortescue Metals, said: "We have leveraged our strong track record as a pioneer in autonomy and our technological expertise to develop zero emission fleets to enable the industry to move away from pilots and prototypes. The fully integrated AHS will be a game changer for us in reducing our carbon emissions.

We have more than 200 autonomous trucks operating in our mines, making the equivalent of two trips to the moon and back every month. It is essential that they operate efficiently and at maximum capacity," explains Otranto.

The business is historic and full of superlatives. Not only is it the biggest deal in Liebherr's history, Australia is also one of the top producers of iron ore, lithium, gold, zinc, nickel and cobalt. Australia will remain the largest lithium producer in 2023. Unsurprisingly, mining is Australia's largest export industry. Fortescue is the third largest mining company in Australia behind BHP and Rio Tinto.

https://www.electrive.net/2024/09/25/fortescue-und-liebherr-unterzeichnen-vertrag-ueber-28-milliarden-dollar/

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Results were also ok, less profit growth was expected