Mining companies would do well to address Scope 3 (downstream) emissions, such as at steelmaking customers, on a war footing. Apart from tackling their carbon footprint, these efforts would protect the miners’ own core businesses, says an article in Mining Journal. “Miners heavily invested in metallurgical coal and iron ore who don't help their steel customers Read More
André de Ruyter took over as CEO at beleaguered South African power utility Eskom on January 6. He has a tough job, indeed. Eskom has implemented fresh bouts of load-shedding, while its power plants are said to be falling apart. The utility has a debt burden above R450 billion, and its income is far below its Read More
The latest report by the Chilean Copper Commission (Cochilco) on the power outlook for the industry estimates that its demand will grow at a CAGR of about 3.1% during 2019-2030. Therefore, power consumption by the copper industry in Chile will grow from 23.6 TWh in 2019 to 33.1 TWh in 2030, says an article in RenewablesNow. Read More
COMET, a new alliance, will construct a standard method for computing Greenhouse Gas Emissions from the production of materials such as steel, copper, and cement. The COMET Method will inform the carbon content of consumer products like cars, buildings, and phones. Rocky Mountain Institute, MIT Sustainable Supply Chains, the Columbia Center on Sustainable Investment, and the Read More
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
The incentive for a mine to reduce its carbon footprint has received a shot in the arm from the relentlessly declining costs of wind, solar, and energy storage, says Greentech Media. Projections by Wood Mackenzie show the cost of energy storage in 2022 will be 61 percent less than what prevailed in 2013, while the cost Read More
Almost a dozen new renewable energy projects were announced in 2019. Many others were already under development, and more are under negotiation or could be announced soon. Miners finally bit the renewable energy bullet this year as its economics and technical feasibility, particularly at remote locations, became too compelling to ignore. Key advantages were lower cost, Read More
Aggreko will fund and operate the new solar hybrid power solution at Resolute’s Syama Gold Mine in Mali. Aggreko, a world leader in off-grid, remote mine power solutions, and Resolute Mining, signed off on a long-term Power Supply Agreement (PSA) for Syama at a levellised US$0.15/kWh based on current heavy fuel oil prices. “The new power Read More
Current climate policies may result in 3.4C of warming above pre-industrial levels by 2100, according to the UN. The increased exposure to physical climate risks will trigger demands from the public, investors, and businesses for action. In an “inevitable policy response,” policy-makers in the world’s major economies would have to implement strict new climate policies, says Read More
Rio Tinto will invest $1.5 billion through its Kennecott Utah Copper subsidiary to extend mining of copper and other metals at Utah’s Bingham Canyon Mine through to 2032. Rio had previously planned to retire the mine in 2026. Rio considered an improving outlook for copper as the basis for the move to extend mining operations at Read More
