Gold mining companies have delivered the strongest returns of 2025, far ahead of the year’s semiconductor rally. MSCI’s global index of gold equities has climbed about 135%while its semiconductor index is up 40%. This marks the largest performance gap ever recorded between the two groups. Central Banks Increase Gold Reserves Investors have continued to pour … Continue reading “Gold Mining Stocks Soar 135% in 2025, Outpacing AI Chipmakers”
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Volvo Penta will debut its latest modular and scalable battery energy storage system (BESS) platform for the off-grid construction and mining industries at the bauma equipment show – here’s what you can expect. Best-known for its marine engines and gensets, Volvo Penta is the power production arm of the Volvo Group, specializing in putting energy to … Continue reading “Volvo Penta set to show off its new BESS subsystem at bauma 2025”
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Cummins has its eye on hybrid powertrains to help decarbonize the transport, construction, and mining spaces the operates in. To that end, the company has acquired the hybrid equipment experts First Mode, and plans to make the first commercially available retrofit hybrid system for mining equipment a reality not just soon – but now. The Cummins … Continue reading “Cummins acquires hybrid heavy mining equipment experts First Mode”
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Mining giant Rio Tinto will partner with China’s State Power Investment Corporation (SPIC) to demonstrate battery-swap-capable electric haul trucks at the Oyu Tolgoi copper mine in Mongolia. The technology is already in use on haul trucks in mining operations in China, and this collaboration will enable Rio Tinto to demonstrate a complete battery-electric truck and … Continue reading “Rio Tinto and China’s SPIC partner to test electric mining trucks with battery swapping”
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On today’s episode of Quick Charge, I, for one, welcome our new insect overlords. I’d like to remind them that, as a trusted media personality, I can be helpful in rounding up others to toil in their underground sugar caves cobalt mines. We’ve also got the world’s quickest police pursuit vehicle, an Amnesty International report … Continue reading “Tesla police cruiser, Trump voters love solar, and at least the mines will be nice”
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Komatsu says its new PC4000-11E hydraulic mining excavator can bring both the powerful digging force of high-performance diesel machines and the emission-free operation of battery power to some of the world’s toughest mining operations. The new electric drive featured in the 409 ton (operating weight) Komatsu PC4000-11E is designed to reduce emissions by up to 95%. … Continue reading “E-quipment highlight: Komatsu launches 400 ton electric mining excavator”
![First product from new Fortescue Detroit factory: marine batteries [Quick Charge]](https://ev-magazine.com/wp-content/uploads/2024/10/1728371564_First-product-from-new-Fortescue-Detroit-factory-marine-batteries-Quick.jpg)
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Earlier today, global mining giant Fortescue announced plans to begin operations at its new Detroit factory with the production of HV marine batteries that will be used initially by EVOA to power a range of luxury marine vessels, wake boats, and tenders — and they’ve come to Quick Charge to tell us all about it! … Continue reading “First product from new Fortescue Detroit factory: marine batteries [Quick Charge]”
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Located in Perth, Western Australia, EPCA became famous for its “Green Machine,” a CAT 777 100-ton haul truck it converted to electric power. Now, the company says it has plans to produce 50-70 more of the battery electric mining trucks … each year. After showcasing its Green Machine at two major mining events in Australia … Continue reading “EPCA plans to convert 50-70 mining trucks to electric power annually”
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Komatsu just launched its first-ever electric underground drilling and bolting rigs, signaling a new beginning for the Japanese construction giant’s hard rock mining portfolio. Part of a broader range of updates and options for the second-generation of Komatsu‘s Z2 line of small-class development drill and bolting equipment that includes an innovative resin-pumping system, optimized cabin … Continue reading “Komatsu launches first ever electric drilling, bolting rigs”