Fortescue (ASX:FMG) will purchase autonomous electric platform drills and autonomous electric contour drills from Epiroc in a deal worth AU$350 million, according to a Wednesday statement from the company.
More than 50 electric drill rigs will be delivered by 2030 as part of Fortescue's phased replacement of diesel-powered equipment.
The autonomous electric fleet can eliminate around 35 million liters of diesel consumption annually, the company said.
Fortescue's shares were down 1% in recent Wednesday trade.
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