Teck Resources Limited (TSX:TECK.B, NYSE: TECK) has struck a deal with Caterpillar Inc. (NYSE: CAT) to buy up to 30 of Caterpillar’s zero-emissions large haul trucks for its mining operations.
The plan to electrify its fleet of mine haul trucks is part of the company's target of reducing the carbon intensity of its operations by 33% by 2030 and becoming carbon-neutral by 2050.
“Teck is already one of the world’s lowest carbon intensity producers of copper, zinc and steelmaking coal, and now we are taking further action to develop and implement the technology needed to reduce the carbon footprint of our operations and support global efforts to combat climate change,” Teck CEO Don Lindsay said in a press release.
“Decarbonizing our haul truck fleet is a critical step forward on our road to carbon neutrality and we are pleased to collaborate with Caterpillar to advance this work.”
Teck plans to begin phasing in electric haul trucks starting in 2027, and plans to start in B.C. with its Elk Valley metallurgical coal mines.
"The operations are already powered by a 95% clean electricity grid, making it an ideal location to introduce one of Canada’s first zero-emissions large haul truck fleets, with options for trolley-assist technology," Teck said in its news release.