XCMG Machinery, a subsidiary of XCMG (000425.SZ) has signed an MoU with Vale 
S.A. Brazil, a world-leading mining company, for the potential supply of mining 
and infrastructure equipment, including zero-emission and autonomous equipment, 
to accelerate green mining practices. Based on the MoU, Vale will receive the 
first two 72-ton battery truck units which will be tested in their operations 
in the first half of 2022. A 240-ton electric mining truck with zero emissions 
will also be delivered ahead of the agreed date.

"Environmental protection is vital for human happiness and the driving force 
for enterprises to realize sustainable development. As a world-renowned 
enterprise that develops and manufactures complete sets of large-scale 
machinery for open-pit mining, XCMG takes green and new energy machinery as the 
key direction of advancement. We are also glad to see that Vale considers green 
development featuring low-carbon mining and net zero emissions as a critical 
strategic goal for its own development," says Mr. Hanson Liu, VP of XCMG 
Machinery.

"This is in line with Vale's goal of reducing its Scope 1 and 2 carbon 
emissions by 33% by 2030 and achieving net zero emissions by 2050 and 
reinforces our ambition to lead the way in low carbon mining," Mr. Alexandre 
Pereira, Vale's Executive Vice President for Global Business Solutions said 
while congratulating this initiative. "Vale also sees this partnership with 
XCMG Machinery as one more important step in the deepening of its long-term and 
win-win partnership with China, which dates back to 1973, when Vale sent its 
first iron ore shipment to China."

The MoU was signed by Mr. Sam Shang, Deputy General Manager of XCMG Import and 
Export Co., Ltd and Mr. Antonio Cardoso, Head of Procurement China at Vale 
during the celebrations of the 25th anniversary of the sister state-province 
relationship between the Brazilian state of Minas Gerais and the Chinese 
province of Jiangsu. 

After signing this MoU, XCMG will set up a special team for deeper cooperation 
and communication with Vale, to collaborate in pushing forward global 
environmental protection, and to boost green and sustainable economic 
development.

About XCMG
XCMG ( https://www.xcmg.com/ ) is a multinational heavy machinery manufacturing 
company with a history of 78 years. It currently ranks third in the world's 
construction machinery industry.

SOURCE: XCMG

Image Attachments Links:

   Link: https://iop.asianetnews.net/view-attachment?attach-id=405500

   Caption: XCMG Machinery Signs Memorandum of Understanding with Vale to 
Accelerate Green Mining Practices