Fortescue Metals Group Ltd. announced a partnership with multi- national equipment manufacturer Liebherr for the development and supply of green mining haul trucks for integration with the zero emission power system technologies being developed by Fortescue Future Industries (FFI) and Williams Advanced Engineering (WAE). This is a major step towards transitioning Fortescue's diesel mining fleet to a green mining fleet before 2030 and accelerates the opportunity to commercialise zero emission power system technologies in heavy industry applications. The agreement advances the decarbonisation of Fortescue's mobile fleet through this partnership with one of the world's leading manufacturers of mining equipment.

Utilising WAE's unique proprietary technology and expertise in high-performance battery systems, the partnership secures a pathway for Fortescue to become a zero emission power system supplier to a tier one original equipment manufacturer and accelerates technology commercialisation. Under the partnership, Fortescue will purchase a fleet of 120 haul trucks from Liebherr, with delivery aligned to its fleet replacement and sustaining capital expenditure forecast. The commitment represents approximately 45% of the current haul truck fleet at Fortescue's operations.

Truck haulage consumed approximately 200 million litres of diesel in FY21 and accounted for 26% of Fortescue's Scope 1 emissions. The phased supply of haul trucks is anticipated to commence following a two year joint development period enabling the development and integration of Fortescue's proprietary-owned power system into Liebherr's proprietary-owned base truck. Liebherr will supply mining haul trucks to Fortescue in both battery electric truck and fuel cell electric truck configurations, in accordance with Fortescue's requirements.

The first of the zero emission haul units will be fully operational within Fortescue mine sites by 2025, with the further aim of having the units available for commercial sale from that time.