Precious metals consultancy Metals Focus has issued a new report on Environment, Social and Governance (ESG) comparisons in the gold mining sector, says miningmx. An extract from the report focuses on Green House Gas (GHG) emissions by gold mines. Based on kt of CO²e (Carbon dioxide equivalent), for the calendar year 2018, Sibanye was the largest Read More
Gold mining companies run power-hungry operations, with a substantial carbon footprint. Last year, for every tonne of gold produced, greenhouse gas emissions released were 32,689 tonnes, according to a report from the World Gold Council. However, gold miners are resorting to new and innovative means to reduce reliance on fossil fuels and abate carbon footprints, according Read More
The World Gold Council (WGC) published this week a report titled “Gold and Climate Change: Current And Future Impacts.” The report analyzes gold’s climate impact, and how the sector, particularly gold mining, could reduce its carbon footprint in consonance with the Paris climate accord, according to a review by Kitco.com. The report revealed that gold mining Read More
Credit: Mining.com A recent report by market intelligence company Fitch Solutions has highlighted the importance of renewable energy generation to mining companies operating in Sub-Saharan Africa. The prevalence of off-grid remote mineral deposits, combined with an excellent solar resource, and energy security concerns caused by unreliable grid-power, has already led companies such as Newmont, IAMGOLD, and Read More
Gold miner Resolute Mining Limited has signed a Joint Development Agreement (JDA) with Ignite Energy Projects Pty Ltd to provide a hybrid power solution for Resolute's Syama Gold Project in Mali. The 40-megawatt (MW) independent solar hybrid power plant will combine solar, battery, and heavy fuel oil (HFO) technologies and, when operational in 2020, is expected to be the world’s Read More
A recent study by Goldman Sachs of the Australian gold mining industry has shown that the use of renewable energy sources could help to overcome the significant energy price hikes and drive the cost of energy down by up to 50%. According to mining giant Glencore, electricity prices in Australia have risen by 100% over the last three Read More
Newmont Mining Corporation, one of the world’s largest gold producers, has deployed Cambridge Energy Partners' (CEP) redeployable Nomad solar PV tracker in an effort generate lower-cost renewable electricity, and to offset energy demand, at its Akyem Mine. The Nomad's prefabricated design features single-axis tracking technology and its 30 kW segments are both scalable and quick to install. Able to be redeployed, the Nomad Read More
As carbon emissions increasingly become a key driver in strategic thinking for mines, companies are turning to cutting-edge technologies to optimise carbon efficiency. Currently, only 2.5% of the mining sector’s electricity comes from renewable energy, but in the face of COP21 targets, carbon pricing in many major mining sectors and pressure from investors to demonstrate a commitment to Read More
Image source: renewableenergyworld.comFinnish manufacturer Wärtsilä has completed construction on the worlds largest solar hybrid power plant, located in Burkina Faso. Built in conjunction with Total Eren SA and African Energy Management Platform, the 15MWp solar PV plant will generate and deliver energy to the Iamgold Essakane gold mine. Working in conjunction with the mine's existing diesel generation systems, the Read More
Essakane Mine pit in Burkina Faso. Photo by Iamgold [CC BY-SA 3.0], via Wikimedia Commons. 2017 may be the year microgrids gain a solid foothold. Rising diesel prices paired with a handful of test projects in remote locations and island communities have demonstrated their power and feasibility. Microgrid successes have caught the attention of miners working Read More
