The collaboration will contribute to Newmont’s greenhouse gas (GHG) emissions reduction targets.
Newmont previously pledged to reduce more than 30% of its GHG emissions by 2030 and achieve net-zero carbon operations by 2050.
The partnership will enable the two firms to validate equipment, infrastructure, technologies and processes that would help transform surface and underground mining operations.
As part of the strategic alliance, Newmont will initially invest $100m to support the deployment of an all-electric autonomous haulage fleet in two continents.
The gold mining firm plans to deploy up to ten Caterpillar -developed battery-electric zero-emissions underground haul trucks at its Tanami mine in the Northern Territory in Australia by 2026.
Caterpillar will also deliver an automated haulage fleet of up to 16 for deployment at Newmont-operated Cripple Creek and Victor mine in Colorado, US, through 2023.
Newmont president and CEO Tom Palmer said: “A year ago, Newmont announced industry-leading emission reduction targets because we understand the human contribution to climate change.
“We followed with a commitment to invest $500m over five years to identify pathways forward as we firmly believe that we must make bold, lasting commitments to achieve the necessary change for a bright, healthy future.
“Today, we furthered that commitment by announcing a new strategic alliance with Caterpillar to address climate change by fundamentally changing the mining industry through the rapid development and implementation of a comprehensive all-electric autonomous mining system to achieve zero-emissions mining.”
Newmont will also support the validation of Caterpillar’s MineStar suite to facilitate centralised production and asset management.
The suite is planned to be deployed across Newmont’s global surface and underground assets.