Gold Miners Strive For Sustainability
By Joe Foster, Portfolio Manager and Strategist
The mining industry continues efforts to achieve its long-term sustainability goals. In our view, the industry’s biggest challenge is weening itself off the diesel fuel needed to power haul trucks, loaders, dozers and other large items of equipment.
To that end, Rio Tinto and Caterpillar are cooperating to advance the development of a zero emission 220 tonne haul truck in Western Australia. Meanwhile, in South Africa, ENGIE and Anglo American are tackling the 300–500 tonne haul truck, coming together to develop prototypes powered by hydrogen fuel cells. Perhaps net zero isn’t just a dream.
MVIS Global Junior Gold Miners Index
Source: MV Index Solutions. All values are rebased to 1,000. Data as of 31 October 2021.
Joe Foster has been Portfolio Manager for the VanEck International Investors Gold Fund since 1998 and the VanEck – Global Gold UCITS Fund since 2012. Mr. Foster, an acknowledged authority on gold, has over 10 years of dedicated experience in geology and mining including as a gold geologist in Nevada. He has appeared in The Wall Street Journal, Financial Times, Barron's, and on Reuters, CNBC and Bloomberg TV. Mr. Foster has also published articles in a number of mining journals, including Mining Engineering and Geological Society of Nevada.
The article above is an opinion of the author and does not necessarily reflect the opinion of MV Index Solutions or its affiliates.