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Fortescue s autonomous haul fleet surpasses two billion tonnes milestone

Date Time Fortescue’s autonomous haul fleet surpasses two billion tonnes milestone Fortescue Metals Group’s (Fortescue) autonomous haul (AHS) fleet has marked a significant milestone moving two billion tonnes of material, doubling the amount hauled since reaching the one billion tonne milestone in September 2019. In 2012, Fortescue was the first in the world to deploy Caterpillar Inc’s autonomous haulage technology on a commercial scale at its Solomon Hub operations and the multi-class fleet has since expanded across the Company’s Pilbara operations with a total of 193 autonomous trucks now in operation. Fortescue Chief Executive Officer Elizabeth Gaines said, “Fortescue is a leader in the implementation of autonomous haulage across our iron ore operations. Our fleet represents one of the largest in the world, with 79 trucks currently in operation at Solomon, 74 at Christmas Creek and 40 at Cloudbreak.

Miners, banks help Australian shares extend gains

By Reuters Staff 2 Min Read July 13 (Reuters) - Australian shares rose on Tuesday for a second straight session, as heavyweight miners and banks advanced while strong cues from Wall Street also aided investor sentiment. The S&P/ASX 200 index climbed 0.6% to 7,374.8 by 0100 GMT, after closing 0.8% higher on Monday. Elsewhere, Japan’s Nikkei was up 0.9% and S&P 500 E-minis futures were relatively flat. Miners were the top gainers on the Australian benchmark, extending gains from Monday and hitting a two-month high. Rio Tinto Ltd and BHP Group Ltd rose 1.1% and 0.5%, respectively, while Fortescue Metals Group added 1%. Financials gained 0.5%, with the so-called “Big Four” banks trading in positive territory. Commonwealth Bank of Australia, National Australia Bank, Westpac Banking Corp and Australia and New Zealand Banking Group added between 0.2% and 0.9%.

Australia Market ends flat

Australia Market ends flat
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