Strategic Investment in Electric Mining Equipment
Barrick Mining Corp. and Komatsu have officially formalized a substantial $440 million agreement that marks a significant milestone in sustainable mining practices. Through this partnership, Komatsu, the renowned Japanese construction giant, is set to supply electric and electrified mining equipment assets specifically tailored for Barrick’s Reko Diq copper-gold project in Pakistan.
A Step Towards Decarbonization
The announcement of this collaboration comes on the heels of Komatsu unveiling its innovative 400-ton PC4000-11E hydraulic mining excavator last year. This evolution in equipment not only showcases Komatsu’s commitment to advancing technology but also aligns with the global trend among mining operations to decarbonize their processes. The adaptation of electric machinery is a crucial step towards reducing carbon footprints in the construction and mining sectors.
The Vision for Reko Diq Project
Mark Bristow, Barrick’s president and CEO, underscores the significance of this investment, stating, “The Reko Diq project represents a long-term investment in our future and that of mining in Pakistan. Our partnership with Komatsu is an important part of that vision.” He highlights the proven reliability and performance of Komatsu’s equipment across Barrick’s global operations, instilling confidence in their ability to meet the ambitious sustainability goals set for Reko Diq.
This exciting partnership not only reflects the commitment of both companies to innovate but also paves the way for developing one of the world’s newest greenfield mining assets, emphasizing a more sustainable approach in the industry.
