Electric haul trucks could save Fortescue over $400 million in fuel per year [update]
By Jo Borrás
Published on April 26, 2026.
Fortescue is investing in zero emissions mining equipment across its global operations, saving almost $400 million in fuel costs alone. The company is also investing in Chinese equipment from XCMG. The business case for electrifying heavy haul trucks was already solid when this article was published. However, since the US President Trump's attacks on Iran increased global fuel costs, this case has strengthened. Fuel savings from switching to electric can be significant, but still measured in thousands. For a mining company like Fortescue, even small fluctuations in fuel prices can significantly impact the company's bottom line. Efforts to decarbonize the company’s global mining operations are also helping to keep workers safe and healthy.
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