Newmont Corporation, the world’s largest gold mining company, has announced a strategic alliance with Caterpillar Inc. (CAT), producer of the world’s most comprehensive suite of mining equipment and technologies, 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 (GHG) emissions reduction targets of more than 30%, with an ultimate goal of being net zero carbon by 2050.
Building pathways to decarbonization is essential for the future of mining. Newmont’s surface and underground mining fleets are responsible for approximately 40% of the Company’s carbon emissions. Building a new model for surface and underground mining is critical to delivering on Newmont’s emissions reduction targets.
Under the agreement, Newmont plans to provide a preliminary investment of $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 (CC&V) mine in Colorado, USA and Tanami mine in Northern Territory, Australia.
Newmont will also be supporting Caterpillar’s validation of evolving features and functionality within the MineStar suite to be deployed across Newmont’s surface and underground assets globally. This deployment facilitates centralized production and asset management.