Hua Xia Shi Bao·2025-09-27 12:15Core Insights - The green transformation of mining companies is generating significant orders for electric engineering machinery [2][5] - Fortescue Metals Group aims to achieve true zero emissions in its Australian iron ore operations by 2030, collaborating with leading green technology firms [3][4] - XCMG has secured the largest green mining machinery export order in China, providing 150 to 200 electric mining trucks to Fortescue [2][4] Group 1: Company Initiatives - Fortescue Metals Group announced its goal to eliminate fossil fuel use in iron ore operations by 2030, positioning itself as a leader in green technology and energy [3][4] - The collaboration with XCMG will involve the delivery of 240-ton electric mining trucks, with expectations that the order value will exceed the previous year's 3 billion RMB [2][4] - Other mining giants like Rio Tinto, BHP, and Vale are also pursuing green transformations, indicating a broader industry trend towards electric engineering machinery [5][6] Group 2: Market Opportunities - The shift towards electric engineering machinery is expected to create substantial opportunities in the industry, with electric machinery becoming a necessity for mining companies [7] - The global market for electric engineering machinery is projected to grow from approximately $15 billion in 2023 to between $50 billion and $70 billion by 2030, with a compound annual growth rate exceeding 20% [7] - High-energy equipment such as mining trucks and large excavators will drive over 60% of the demand in the electric engineering machinery market [7]