POWER!!!! Fortescue Future Industries, page-3892

The Liebherr/Fortescue haul truck where they're doing all the testing and validation is the T 264 haul truck. As I've previously mentioned we don't know what the cost of this truck is worth, but as highlighted, the T 282 series https://en.wikipedia.org/wiki/Liebherr_T_282_series#Cost_of_the_T_282_series which is no longer in production was selling for a cost of US$4–5 million and that's prior to the decarbonisation transition. These new haul trucks will work on a whole new level in safety, productivity and efficiency. The T 264 haul truck is almost ready.

There is another wonderful option that Liebherr offers - rental of heavy earth moving equipment for the mining industry. This is yet another potential area that the Liebherr/Fortescue partnership will benefit from.

See here: https://www.liebherr.com/en/int/products/construction-machines/earthmoving/rental/rental.html

Look even Fortescue rented an excavator back in 2018 https://www.liebherr.com/en/int/about-liebherr/liebherr-worldwide/australia/all-aus-news/aus-news-02.08.2018.html

And BHP rented five T 282 haul trucks (see video below)

Electric battery and hydrogen powered heavy equipment options will be in great demand.

From Liebherr's Annual Report

Value proposition

"As a technology company, Liebherr has been synonymous with a wide range of products and services in many areas of technology for 75 years. Liebherr provides tailored, technologically advanced and innovative products as well as services with real added value to customers in many different industries all over the world. Thinking ahead with the necessary foresight, the Group is already addressing the challenges that customers around the globe will face tomorrow."

And just as I thought...

"In some product segments, the Liebherr Group benefits from lowering its unit costs by increasing production volumes. In other segments, however, the focus lies on developing custom- built solutions for individual customers. In those segments, Liebherr focuses on adding value, achieving a premium value proposition and offering highly personalised services to its customers. The Group can create synergies through its broad product programme and mastery of key technologies, among other things. Its supply chain spans the entire globe."

and...

"We see constant change as an opportunity, because as a technology company, we are directly involved in important transformations. Our machines are used to construct or remodel vital infrastructure around the globe and our technologies contribute to the decarbonisation and digitalisation of entire branches of industry. Our products themselves are also changing – becoming more digital and reducing emissions."

Reference:

https://www.liebherr.com/en/int/annual-report/home/annual-report.html


I wouldn't gloss over this this strategic partnership folks, this could be huge.

Tony