Mining firm Fortescue orders $400 million worth of electric mining equipment from China’s XCMG
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DECEMBER 22, 2024
Australian mining company Fortescue has placed a $400-million order with Chinese heavy equipment maker XCMG (Xuzhou Construction Machinery Group). The sale, which includes over 100 pieces of electric equipment, is the largest single export deal in XCMGs history. The massive contract includes a wide range of battery-electric heavy equipment, including electric wheel loaders, dozers, semi-trucks and graders, which will be delivered to Fortescues mining operations in Pilbara, Australia, in stages b
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