Gran Colombia Gold Corp., the Toronto-headquartered gold miner with operations in Colombia, has agreed to acquire the 11.2 MW “Suarez” solar project located in the Tolima region, Colombia, from Renergetica Colombia SAS, a subsidiary of Renergetica SpA. The Suarez project is expected to become operational later in 2020 and have a life of 30 years. The Read More
Azelio, a Swedish renewable energy company, announced its partnership with Chilean company Industria Mecánica VOGT S.A. (VOGT) on solar PV energy storage projects for the Latin American mining industry. (Azelio) VOGT is a Chilean supplier of industrial equipment including pumping systems for the largest mining companies in the region. These pumping installations require power 24/7, and Read More
Australian Mines Limited, one of the world’s lowest-cost producers of battery materials for the electric vehicle and energy storage industries, intends to be 100% carbon neutral by the end of this year, according to proactiveinvestors.com. The company will reduce greenhouse gas emissions and offset its remaining carbon-generating activity to achieve the carbon neutrality status. Managing director Read More
Centinela, the copper mining unit of Chile-based, London-listed Antofagasta plc has signed a Power Purchase Agreement (PPA) with ENGIE Energía Chile S.A. for the supply of renewable power effective from 2022 until 2033. The entire power supply under the Agreement will be from renewable sources, according to Creamer Media’s Engineering News. The Centinela copper mine is Read More
Oz Minerals will use an optimized mix of solar, wind, battery and diesel power for its proposed copper-nickel project in West Musgrave, Australia, according to Mining Technology. Oz Minerals and Cassini Resources own the project in the ratio of 70:30 respectively. According to its pre-feasibility report released Wednesday, the mine will produce 28,000 tonnes of copper Read More
Teck Resources has signed a long-term power purchase agreement with AES Corp for the supply of 118MW of renewable energy to the Quebrada Blanca Phase 2 (QB2) copper mining project in Chile. The renewable energy agreement will be effective January 2022 through October 2042 and will account for more than half of QB2’s total operating power Read More
As Environmental-Social-Governance (ESG) concerns mount across the globe, investors are giving ‘dirty’ sectors, such as heavy industry and mining, the cold shoulder. With funding spigots drying up, miners are facing a financial crunch, rising costs of capital, and the prospect of shelving projects. At the forthcoming Investing in African Mining Indaba Conference in Cape Town, the Read More
Miners are shifting out of fossil-based power sources, such as diesel, in response to investors’ pressure to cut carbon emissions. Easing their path is the rapidly falling cost of renewable energy, according to Bloomberg. Fortescue, one of Australia's largest iron ore miners, is spending $450 million on a hybrid generation project comprising gas, solar power, and Read More
Mining companies are not doing enough to meet Paris climate agreement targets, observes a report by McKinsey. About 4-7% of global greenhouse gas emissions emanate from the mining industry. Of this, Scope 1 emissions (from mining operations) and Scope 2 (power consumption by mines) account for 1%. A significant 3-6% is fugitive-methane emission from coal mining. Read More
The Minerals Council South Africa, the apex body representing the country’s mining industry, made an impassioned plea to the government to address the country’s crippling power problems, pvmagazine reported. “At the forefront of the constraints on the economy, and on the mining industry, is the insecurity of power supply and its continuing rapidly escalating cost…Eskom is Read More
