MLG Oz taps Mick Murray Welding in 50/50 road train venture
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- MLG Oz has signed a 50/50 joint venture agreement to develop hybrid-electric road train technology.
- The commercial partnership gives the company priority access to deploy these power-trailers across its fleet.
- The strategy aims to reduce emissions and lower haulage operating costs for mining clients.
MLG Oz (ASX:MLG) executed a binding agreement to establish a 50/50 joint venture with Mick Murray Welding.
The new commercial arrangement builds on a long-standing manufacturing partnership between the two Australian businesses.
The joint venture will develop next-generation road trains equipped with a 200 kWh buffer battery.
The company stated that the new power-trailer technology aims to lower emissions and fuel costs for mining clients.
Following the announcement, the MLG Oz share price was unchanged at $0.55.
Prototype testing remains scheduled to commence in the Northern Territory during the third quarter of 2026.
The business expects the project to provide priority fleet deployment across the Australian resources sector.
