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Jul 28, 2016

DRIVERLESS TRUCKS * Australia: PAY OFF for FMG

* West Australia -Driverless trucks pay off for FMG

--- There’s nobody at the wheel at Fortescue Metals Group. And it’s paying dividends... The world’s fourth-biggest iron ore miner will today post a June quarter production report which analysts believe will beat expectations... FMG continues to cut costs, pay down debt... An important reason for the production gains, according to Fortescue boss Nev Power, is the empty driver’s seat in many of the company’s trucks... The 47 Caterpillar 793 trucks which Fortescue obtained from WesTrac are robotic — steadily plodding their way around mine sites as sensors send information to powerful computers for processing and new instructions for the 240-tonne workhorse... It is a development which analysts believe will drive Fortescue’s cost of getting ore on a ship down to a record low of $US13 a tonne... 
(Picture: Simon Santi - Caterpillar’s global mining head Denise Johnson in front of a 240-tonne 793 at the WesTrac facility in South Guildford) -- Perth, WA, Australia - The West Australian, by Ben Harvey - July 27, 2016

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