Mining’s old guard needs strong medicine
A new report details subpar investor returns in the mining industry over the last decade, particularly big cap diversified companies which have not adapted to new realities.
Intramotev, a Missouri-based technology company building autonomous zero-emissions rail solutions, has successfully deployed the world’s first self-propelled battery-electric railcar in a traditional freight train.
The company deployed its railcar retrofit — the ReVolt — at Iron Senergy’s Cumberland mine in Waynesburg, Pennsylvania. The car has run for over 1,000 miles between Cumberland and its Alicia Harbor facility.
In late 2023, Intramotev was awarded a $200,000 grant from Michigan’s Office of Future Mobility and Electrification to support the deployment of its TugVolt self-propelled railcars at a mining site in the Upper Peninsula of Michigan.
”We’re excited to deliver the fuel savings and environmental benefits of the ReVolt to our customer Iron Senergy,” Intramotev CEO Tim Luchini said in a news release. “Today’s news marks an important milestone in our work to decarbonize mining and freight transportation, and we’re just getting started.”
Later this year, the company will deploy its locomotive replacement, TugVolt, at a calcium mine in Northern Michigan.
