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    XCMG–Codelco MoU: haul fleet competition and design notes for Andean copper mines

    March 7, 2026|

    Reviewed by Tom Sullivan

    First reported on International Mining – News

    30 Second Briefing

    XCMG has signed a memorandum of understanding with Chilean copper major Codelco in Santiago on 3 March, following Codelco Chairman Máximo Pacheco’s visit to XCMG’s Xuzhou manufacturing base in February. The agreement, signed by XCMG Vice President Liu Jiansen and Codelco Chief Procurement Officer Mauricio Acuña, centres on expanding supply of large-scale mining equipment and support services to Codelco’s open-pit and underground copper operations. For engineers, the deal signals intensifying competition with established OEMs on haul trucks, loaders and drilling fleets in high-altitude Andean conditions.

    Technical Brief

    • Service support in Chile will be critical: parts warehousing, field maintenance teams and rebuild facilities near major divisions.

    Our Take

    XCMG’s recent supply of large XDE260 haul trucks to Exxaro’s Grootegeluk mine and growing presence at copper operations like Ok Tedi and Serbia Zijin Copper suggests the Codelco MoU is part of a deliberate push to anchor its ultra-class fleet in major copper jurisdictions, with Chile a logical next step.

    Our database shows copper-linked items are a smaller subset within the 1,130 Mining stories, so an MoU with Codelco in Chile gives XCMG disproportionate visibility in the copper space compared with its more established coal and iron ore equipment deployments.

    Given XCMG’s parallel work on battery-electric and ‘real zero’ mining fleet with Fortescue, any fleet supply that emerges from this Codelco MoU could accelerate the introduction of low-emission haulage and loading equipment into Chilean copper operations, where decarbonisation pressure is mounting but large-scale deployments remain limited in our coverage.

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    Prepared by collating external sources, AI-assisted tools, and Geomechanics.io’s proprietary mining database, then reviewed for technical accuracy & edited by our geotechnical team.

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