Iron ore price, page-43004

Hi Jb

I wonder how fast they'll be able to cut diesel out of their in house operations with this new acquisition? Remember 130 days is all it took them with a haul truck running pure on hydrogen.

Refer to Michael Masterman answer to question on page 16 of the August 2021 Analyst Call Transcript below, in particular the last sentence of his reply at the top of the page.

If FMG can completely replace an internal combustion engine of a haul truck, together with full cells, car electronics and battery systems, then that's when capabilty and efficiency comes into play. It's all about getting a mining haul truck to operate with the same or better efficiency as a diesel fuelled haul truck as that's when they'll be able to drop those billions of litres out of their iron ore operations.

https://www.fmgl.com.au/docs/default-source/announcements/investor-and-analyst-call-transcript-(fy21-full-year-results).pdf?sfvrsn=508bf5cf_2

Tony