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July 2, 2020

BMA invests $100m in automated vehicles at Australia’s Daunia coal mine

BHP Mitsubishi Alliance (BMA) has announced that it will invest $100m in 34 automated vehicles at its Daunia coal mine in Australia.

BHP Mitsubishi Alliance (BMA) has announced that it will invest $100m in 34 automated vehicles at its Daunia coal mine in Australia.

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The Daunia open cut coal mine is located in central Queensland, Australia.

The mine is owned by BHP Mitsubishi Alliance (BMA), a 50:50 partnership between Anglo-Australian BHP Group and Japan’s Mitsubishi Corporation.

According to BMA, the first Caterpillar autonomous trucks will start work from February 2021, with the full rollout of the vehicles expected for completion by the end of next year.

BMA asset president James Palmer said: “This announcement is a vote of confidence in Central Queensland. At least 10 regional and indigenous businesses will be employed to support the rollout, with contracts worth $35m.

“This will result in 150 additional project roles for BMA people and contractors. This is on top of 56 new permanent roles on site.

“There will be no job losses as a result of this decision and anyone who currently works with us, be it an employee or labour hire worker, will be given the opportunity to continue to do so.”

Commenting on BMA’s investment, Queensland Resources Council chief executive Ian Macfarlane said: “What we are seeing from the resources sector, such as BMA today, is companies building high-tech capacity into their operations to improve safety and efficiency.”

“Queensland’s resources industry will continue to invest in technology to ensure it maintains leading practices in safety and innovation which will secure the sector’s competitiveness over other mining jurisdictions around the world.”

In January this year, BMA said it will invest $455m on autonomous haul trucks and AI-based data analysis in an attempt to cut down on production costs, improve efficiency and reduce CO2 emissions.

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How attractive are current investment opportunities in Europe?

Europe has been identified as one of the most favorable regions for investors, seeing high investment activity in the past year. Most of these investments have been through Debt Offering, valued at close to $700 billion. The region has provided attractive investments in a diverse set of companies. Companies who tend to major themes such Digital Media, Cloud, Artificial Intelligence, E-commerce, and Big Data are recording the highest number of deals, with Digital Media recording close to 2,000 deals. However, GlobalData’s whitepaper offers a full view of the market, analyzing less successful or attractive points of investment as well, examining statistics on Equity Offering investments and PE/VC deals. Understand how government agencies for economies around the world use GlobalData Explorer to:  
  • Track the M&A and Capital Raising volumes into their target market
  • Identify the top sectors in the target market attracting the investments
  • For any investment segment, identify the top Investors inside and outside the target economy that are already investing in the Segment
  • Assess and showcase the growth potential for various Industries in the target economy
Don’t miss out on key market insights that can help optimize your next investment – read the report now.
by GlobalData
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