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Cat® 798 AC Electric Mining Truck
VANCOUVER, British Columbia, Aug. 30, 2022 (GLOBE NEWSWIRE) — BHP Group Limited (NYSE: BHP) (BHP), Caterpillar Inc. (NYSE: CAT) (Caterpillar) and Finning International Inc. (TSX: FTT) (Finning) today announced an agreement to upgrade BHP’s entire fleet of shipping trucks at the Escondida mine, the world’s largest copper producer, in the Antofagasta region of northern Chile.
This agreement is part of the strategic equipment renewal process developed by Escondida. The new Caterpillar 798 AC electric trucks will feature a generation that significantly improves the capacity, efficiency, reliability and protection of curtain movement and will definitely have an effect on key projects for the future, such as decarbonization, diversity and inclusion, autonomous technologies and local capacity building.
Towards the mining of the future
The first trucks are expected to arrive at the mine in the current part of 2023, and delivery of the remaining trucks is expected to last for the next 10 years as the three corporations work to upgrade one of the world’s largest fleets in the industry, which lately consists of more than 160 shipping trucks. The maintenance and facilities provided under the agreement promote BHP’s gender balance and local employment strategies. Finning’s built-in knowledge center, located in Antofagasta, will provide state-of-the-art technology for the fleet.
The agreement also Escondida | BHP will promote the implementation of its autonomy plans through the transition of the fleet to have generation that allows autonomous operation. In addition, the agreements outline a technological route that is helping Escondida | BHP is achieving its decarbonisation targets through the slow arrival of zero-emission trucks.
BHP, Caterpillar and Finning remain committed to contributing to the economic and social progress of Antofagasta, generating local functions similar to the progress of mining apparatus technologies.
“This agreement is a step towards continuing to place Escondida in BHP’s long-term leadership in the industry. This will allow us to generate significant efficiencies at the operational level, but it also aligns with some of the key demanding situations that drive us as a corporate: innovation for the long term of mining, decarbonization and progression of capabilities in the community of Antofagasta. We have high expectations about the benefits that will be generated in the short and long term for both the corporate and the Antofagasta region,” said James Whittaker, president of Escondida | CV.
“The Caterpillar team is excited about the successful implementation of machines and technologies that will facilitate a slow improvement in BHP’s operational excellence. We congratulate BHP as the transformation of this mine accelerates the achievement of its ambitious sustainability goals,” said Denise Johnson, President. of Resource Industries Group, Caterpillar Inc.
“We are very pleased to leverage our long-term relationship with BHP for its Escondida operations through increased efficiency, productivity and safety, as well as reducing its carbon footprint, its diversity and inclusion adventure and contributing to the progression of functions in Antofagasta. This is the largest fleet contract in Finning’s history, which in particular will bolster Caterpillar’s truck fleet and transition to cleaner energy, with electric trucks and long-lasting trucks with zero emissions,” said Scott Thomson, president and chief executive officer of Finning International. .
About BHPBHP is a world-renowned resource company headquartered in Melbourne, Australia. We work in more than 90 locations around the world. Our teams work to extract, process and ship the high-quality raw fabrics that the world wants to grow and decarbonize. Copper for renewable energy. Nickel for electric vehicles. Potash for sustainable agriculture. Iron ore and metallurgical coal for the metal needed for global infrastructure and energy transition. A combination of resources for tomorrow.
More information about BHP can be found in bhp. com
About Caterpillar With profits and losses of $51. 0 billion in 2021, Caterpillar Inc. is the world’s leading manufacturer of mining equipment and structures, off-road herbal and diesel fuel engines, commercial fuel turbines and diesel-electric locomotives. For nearly a hundred years, we have been helping our consumers build a better and more sustainable world and are committed and contributing to a low-carbon future. Our state-of-the-art products and services, subsidized through our global network of intermediaries, offer an exceptional price that is helping consumers succeed. Caterpillar operates on all continents, operating primarily in 3 major segments: construction industries, resource and energy industries.
Caterpillar Contact: Rachel PottsDirector, Enterprise Communications(309) 573-3444Potts_Rachel_A@cat. comFinningFinningFinning (TSX: FTT) is the world’s largest Caterpillar dealer and has been providing unprecedented service to consumers for nearly 90 years. Based in Surrey, British Columbia, I provide Caterpillar equipment, parts and functionality responses in Western Canada, Chile, Argentina, Bolivia, the United Kingdom and Ireland.
Finning Contact: Amanda HobsonSeptember Vice President, Investor Relations and Treasury(604) 331-4865amanda. hobson@finning. comwww. finning. com
Forward-Looking Statements Provided Through Caterpillar
Certain statements in this press release relate to long-term events and expectations and are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as “believe,” “estimate,” “will,” “will,” “identify forward-looking statements. All statements other than statements of old facts are forward-looking statements, including, but not limited to, statements relating to our outlook, projections, forecasts or descriptions of trends. These statements are not promises of long-term functionality. and speak only as of the date they are made, and we do not adopt to update our forward-looking statements.
Caterpillar’s actual effects are likely to differ materially from those described or implied by our forward-looking statements based on a number of items, including, but not limited to: (i) global and regional economic conditions and economic conditions in the industries we serve; (ii) adjustments in raw drapery prices, increases in drapery prices, fluctuations in demand for our products, or significant drapery shortages; (iii) the economic or fiscal policies of the government; (iv) political and economic dangers, advertising skills and occasions beyond our control in the countries in which we operate; (v) foreign industry policies and their effects on the demand for our products and our competitive position, adding the imposition of new price lists or adjustments to existing price lists; (vi) our ability to develop, produce and market quality products that satisfy the wishes of our customers; (vii) the effect of the highly competitive environment in which we operate on our sales and prices; (viii) security threats in the generation of data and computer crimes; (ix) the stock control decisions and sourcing practices of our distributors and OEM customers; (x) failure to realize or delay in realizing all the benefits expected from our acquisitions, joint ventures or divestitures; (xi) hard work disputes or other labor relations issues; (xii) unforeseen adverse effects; (xiii) interruptions or volatility in the global economic markets that restrict our liquidity resources or the liquidity of our customers, distributors and suppliers; (xiv) inability to maintain our credit ratings and potential increases in our debt ratio and adverse effects on our funds charge, liquidity, competitive position and access to capital markets; (xv) the dangers of our Financial Products segment related to the economic facilities industry; (xvi) adjustments in interest rates or market liquidity situations; (xvii) accumulation of delinquencies, liens or net losses of Cat Financial customers; (xviii) currency fluctuations; (xix) our or Cat Financial’s performance of economic covenants and other indebtedness; (xx) increase the investment obligations of the pension plan; (xxi) suspected or actual violations of industry or anti-corruption laws and regulations; (xxii) higher tax burden or exposure, adding the effect of the US tax reform; (xxiii) judicial processes of curtains, claims, lawsuits or government investigations; (xxiv) new regulations or adjustments in the regulation of economic facilities; (xxv) compliance with environmental laws and regulations; (xxvi) the duration and geographic distribution of business interruptions caused by the COVID-19 pandemic and the overall global economic impact thereon; and (xxvii) other items more fully described in Forms 10-Q, 10-K and other filings through Caterpillar with the Securities and Exchange Commission.
Forward-Looking Notice notice through Finning (“we”, “us” or “our”)
This announcement includes forward-looking data. Information is prospective when we use what we know and expect today to obtain long-term data. All forward-looking data contained in this announcement is subject to this disclaimer, adding the vital assumptions and threat points set forth below. Forward-looking data in this announcement includes, but is not limited to, the following: Our supply of Caterpillar 798 AC electric trucks as a component of the renewal of the entire fleet of mining trucks at BHP’s Escondida mine (actual number of trucks to be provided possibly would differ from the actual size of the fleet); improvements are expected in the generation presented in trucks; We expect truck delivery to start in the current part of 2023 and continue for approximately 10 years (which period will ultimately be shorter or longer); our provision of maintenance and similar services; and the hope that the agreements help Escondida | BHP to promote the implementation of its self-sufficiency plans and identify a generation path to achieve its decarbonization goals. All such forward-looking data is obtained pursuant to the “safe harbor” provisions of applicable Canadian securities laws. Unless otherwise indicated by us, the forward-looking data contained in this announcement reflects our expectations as of the date of this announcement. Except as required by Canadian securities laws, we do not undertake any legal responsibility to update or revise any forward-looking data, whether as a result of new data, long-term events or otherwise.
Forward-looking data, by its very nature, is subject to hazards and uncertainties and is based on assumptions. This gives rise to the option that actual effects differ materially from expectations expressed or implied by such forward-looking data and that such expectations and other data that are not past facts may not materialize. Consequently, we cannot guarantee that the forward-looking data will materialize. The forward-looking data contained in this announcement is based on assumptions that we believe to be conservative as of today, and includes, but is not limited to, the express assumptions set forth above and assumptions that existing demanding supply chain situations will not have a material effect on deliveries of appliances and portions and Escondida | BHP’s autonomy plans and decarbonisation goals are achievable. Some of the assumptions, hazards and other items that may also cause effects to differ materially from those expressed in the forward-looking data contained in this announcement are discussed in our existing Annual Information Form and in our annual management discussion and analysis. and most recent quarterly. Discussion and Research (MD
Forward-looking data is provided in this announcement for the purpose of providing data on our existing expectations and plans, however, readers are cautioned that it may not be appropriate to use such prospective data for other purposes.
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