Rio Tinto (RIO) and China’s State Power Investment Corporation, SPIC, Qiyuan have launched a trial of battery swap electric haul truck technology at the Oyu Tolgoi copper mine in Mongolia. The company said, “The trial is Rio Tinto’s first use of battery swap electric haul trucks in surface mining operations. This is a major step towards developing the cost-effective technology and operational learnings required to reduce emissions from mining haulage fleets – one of the largest contributors to the company’s Scope 1 and 2 carbon footprint. “
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on RIO:
- Rio Tinto price target lowered to 6,100 GBp from 6,170 GBp at JPMorgan
- Rio Tinto affirms FY25 Pilbara iron ore output guidance of 323-338 Mt
- Rio Tinto reports Q3 Pilbara iron ore production 84.1 Mt, flat y/y
- U.S. Moves to Secure Key Minerals – Pentagon Spending May Lift Mining Stocks
- Rio Tinto price target raised to 6,170 GBp from 5,450 GBp at JPMorgan