World’s largest gold mining company Newmont Corporation announced a strategic alliance with Caterpillar Inc to deliver a fully connected, automated, zero carbon emitting, end-to-end mining system. Together, they will collaborate to create a safer, more productive mine, and substantially support Newmont in reaching their 2030 greenhouse gas emissions reduction targets of more than 30%, with an ultimate goal of being net zero carbon by 2050. Under the agreement, Newmont plans to provide a preliminary investment of USD 100 million as the companies set initial automation and electrification goals for surface and underground mining infrastructures and haulage fleets at Newmont’s Cripple Creek and Victor (mine in Colorado in US and Tanami mine in Northern Territory in Australia. The goals include:Introduction of an automated haulage fleet of up to 16 vehicles at CC&V planned through 2023, with a transition to haulage fleet electrification and implementation of Caterpillar’s advanced electrification and infrastructure system with delivery of a test fleet in 2026. Actions include validating first-of-a-kind battery electric haulage technology in the years prior to full production of autonomous electric haulage equipment.Caterpillar will develop its first battery electric zero-emissions underground truck to be deployed at Tanami by 2026. The deployment includes a fleet of up to 10 battery electric underground haul trucks, supported by Caterpillar’s advanced electrification and infrastructure system. This includes first-of-a-kind battery electric haulage technology for underground mining in 2024, the introduction of battery autonomous technology in 2025, with full deployment in 2026.Together, Newmont and Caterpillar plan to validate equipment, infrastructure, technologies and processes to transform both surface and underground mining, focusing on safety, automation, decarbonization, optimization, data and asset management across Newmont’s global operations. Leveraging Newmont’s scale and operational capabilities, the alliance sets the stage for the rapid development and deployment of the technologies, ultimately improving safety, productivity and energy efficiency across the mining industry.