The company said its development programme will now be focused on zero-emission and battery-driven machinery. Atlas Copco has immediate plans to expand its current portfolio of electric mining equipment, including loaders, drill rigs and mine trucks.
Atlas Copco stated it will continue to support all customers who rely on diesel-driven equipment, but the decision to completely advance beyond diesel is a definitive move.
Andreas Nordbrandt, president of Atlas Copco Underground Rock Excavation Division, said: "It's high time to look forward and leave fossil fuels behind."
"We must consider the mining industry's carbon footprint and assume our responsibility as an industry leader."
Atlas Copco's electric-powered loaders, trucks and drill rigs have been extensively tested in the field.
"Zero emission machines already offer the same or even better performance as diesel, and this is only the beginning, productivity and profitability will only improve from here," said Erik Svedlund, global marketing manager electrification at Atlas Copco.
Nordbrandt added: "Electric and battery-powered vehicles are the future in underground mining.
"Besides the lower running cost of the machines themselves, there are considerable savings to be had in ventilation and cooling. But most importantly, electric machines contribute to a safer and healthier work environment for miners everywhere."
The company is putting the final touches on the next battery-powered models